Cagamas issues RM305m papers to purchase home loans
KUALA LUMPUR (Feb 22): Cagamas Bhd has issued RM305 million in three-month Islamic commercial papers (ICP) to fund the purchase of Islamic home financing from the financial system.
MP Corp tumbles on getting winding-up petition from RHB Bank
KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp) shares tumbled 33.
RHB Bank wants to wind up MP Corp
KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp), a Practice Note 17 (PN17) company, has been served with a winding-up petition by RHB Bank Bhd, demanding repayment of debt totalling RM118.
Can’t afford a home? Turn to the sub-sale market
PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.
Bank Negara: OPR adjustment reflects normalisation, not tightening
KUALA LUMPUR (Feb 14): The overnight policy rate (OPR) adjustment reflects a normalisation of key interest rates and is not meant to be a tightening of monetary conditions, Bank Negara Malaysia (BNM) said today.
'Homeownership is not for everyone'
KUALA LUMPUR (Feb 13): While many Malaysians are complaining that property prices have gone beyond affordability, World Bank director of urban development Dr Sameh Naguib Wahba Tadros, however, points out that homeownership is not meant for all.
‘Banks should be stricter with new developments’
KUALA LUMPUR (Feb 13): Banks should conduct tighter checks and commission their own independent feasibility studies on developers’ proposed projects before deciding to grant financing, says property consulting firm Rahim & Co International Sdn Bhd.
More surveys needed to assess affordable housing need, says World Bank
KUALA LUMPUR (Feb 12): More consumer surveys should be done to collect detailed data in order to understand the true needs of affordable housing in Malaysia, said the World Bank.
‘Find alternatives to development freeze to deal with glut’
KUALA LUMPUR (Feb 12): Development freeze is never a good thing to do because free trade is interrupted, according to Rahim & Co International Sdn Bhd estate agency director Robert Ang.
