DONE DEAL: Single-storey factory in Mukim 1, Seberang Perai, Penang

Rented for: RM85,000 a month Concluded by: JT Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: April 5, 2018 Noteworthy: ● A factory with a land area of 130,680 sq ft and built-up size of 50,000 sq ft ● Nearby amenities: Sunway Carnival shopping mall, Megamall Pinang, hospital, banks and boutique hotels ● About 5km away from Penang Bridge, 25km to George Town, 25km away from Bayan Lepas Industrial Park and Penang International Airport Located in Mukim 1 of Seberang Perai Tengah (Central Seberang Perai), which is home to some of the earliest industrial developments in Seberang Perai, the factory is situated at the well-developed industrial district which has a high concentration of manufacturing activities.

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Ideas senior fellow questions plan for ‘relaxed’ housing loan policy

KUALA LUMPUR (July 6): The central bank’s plan to formulate a “relaxed” housing loan scheme to ease up the loan process for the middle 40% (M40) and the bottom 40% (B40) segments of the population may not be a move in the right direction and could worsen the problem, said a senior fellow of the Institute for Democracy and Economic Affairs (Ideas) in response to Housing and Local Government Minister Zuraida Kamaruddin’s announcement early this week.

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Relaxing lending rules may not be a good move, says IDEAS

PETALING JAYA (July 5): The proposed mortgage with less stringent lending requirements by banks mooted by the Housing and Local Government Ministry (KPKT) that is aimed at benefiting the M40 and B40 groups may not be a good move, said the Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.

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