Borrowing just to survive
KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.
Budget 2016 for housing disappointing, shortsighted, says Penang exco
GEORGE TOWN (Oct 26): Penang, which was hoping for some good news for the housing sector, was disappointed when last week’s Budget 2016 made no mention of relaxing commercial bank loan requirements to make it easier for the people to purchase affordable homes.
Glomac calls on Bank Negara to ease lending rules
KUALA LUMPUR: Bank Negara Malaysia should ease and provide more flexibility for end-financing of property purchases, especially for first-time buyers, said Glomac Bhd group managing director Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).
Penang takes steps to overcome affordable housing loan hurdle for buyers
GEORGE TOWN (Oct 13): As Putrajaya pledges to continue to consider how it can promote affordable housing in the soon-to-be unveiled Budget 2016, the Penang government has announced new measures to stimulate the property market in the state today.
CIMB views Eco World's RM15 bil gumption 'positively'
KUALA LUMPUR (Sept 23): At a glance, Eco World Development Bhd’s proposed RM1.
Property demand to stay soft, cautions PublicInvest Research
KUALA LUMPUR (Sept 23): Public Investment Bank Bhd has maintained its “Overweight” rating on the property sector, but cautioned demand remains soft due to deteriorating affordability and more stringent lending weighing down on it.
Eco World rises 6.85% on RM9.39 million net profit news
GEORGE TOWN (Sept 18): Property developer Eco World Development Group Bhd grew 6.
Increased costs of high-end projects
KUALA LUMPUR (Sept 14): Most property developers are glad that the weakening ringgit has minimal impact on their development costs, but high-end projects which have more imported building materials, may be affected.
Affin: TRX land price at a 2.3% discount to market value
KUALA LUMPUR (Aug 12): Affin Holdings Bhd said the purchase price of RM255 million, or RM4,699 per sq ft, for a 54,266-sq-m plot of land at Tun Razak Exchange (TRX) here represents a discount of RM6 million or 2.
