“Credit reporting agencies will likely need to overhaul their business models to comply fully with the [Credit Reporting Agencies] Act 2010, potentially discontinuing their credit score services altogether.
Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).
The Ministry of Local Government Development is working on a National Housing Action Plan, which includes home supply requirements based on metrics such as the ratio of the median house price to median income.
The government has continued the scheme through the provision of guarantees of up to RM2 billion through Budget 2022 in an effort to increase the number of participants from targeted groups.
PETALING JAYA (Oct 29): The allocation of RM2 billion Housing Credit Guarantee Scheme announced under the Budget 2022 will benefit first-time homebuyers, especially wage earners without steady incomes, said JLL Property Services (Malaysia) Sdn Bhd country head YY Lau.
PETALING JAYA (Oct 29): Mah Sing Group has lauded the initiatives tabled by the government in Budget 2022 with a total allocation of RM332.
PETALING JAYA (Oct 29): An academic is of the view that the Housing Credit Guarantee Scheme is an innovative scheme for homeownership.
KUALA LUMPUR (July 24): The “buy now, pay later” or BNPL method of payment within e-commerce is reportedly growing in popularity all over Asia.
KUALA LUMPUR (Dec 19): Consultants are encouraged to apply common sense approach and play facilitative roles in helping contracting parties to resolve contractual disputes due to COVID-19, said Pertubuhan Akitek Malaysia (PAM) president Datuk Ar.
PETALING JAYA: Its personalised service and social media engagement with customers have helped property developer Oriental Interest Bhd clear off some unsold units from its projects in the current market downturn.
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