Medini going ahead with commercial developments
SINCE its opening in September 2012, Legoland Malaysia has been drawing thousands of visitors daily.
SINCE its opening in September 2012, Legoland Malaysia has been drawing thousands of visitors daily.
RAM Rating Services does not expect the property sector to be significantly lifted by the move to allow eligible developers to apply for a moneylender's licence to provide loan facilities to house buyers KUALA LUMPUR (Sept 13): Malaysian homebuilders' accumulation of debts to finance their land purchases over the past few years have left little room for them to undertake the developer financing scheme sanctioned by the Ministry of Urban Wellbeing, Housing, and Local Government, said RAM Rating Services Bhd.
KUALA LUMPUR (Sept 13): LBS Bina Group Bhd has teamed up with the Selangor state government to jointly undertake a mixed development township in Ijok, Selangor, with an estimated gross development value (GDV) of RM3.
Construction sector Maintain overweight call: We remain “overweight” on the construction sector as news flows on contract awards should sustain the sector’s outperformance.
Property sector Maintain neutral call: According to media reports quoting Urban Wellbeing, Housing, and Local Government Minister Tan Sri Noh Omar, eligible housing developers can now obtain licences to provide homebuyers with up to 100% of house financing.
KUALA LUMPUR (Sept 13): The recent positive US housing data is good news for exports-oriented furniture manufacturer Poh Huat Resources Holdings Bhd, which derives at least 60% of its sales from the US market.
PETALING JAYA (Sept 13): S P Setia Bhd saw an overwhelming crowd of 2,000 potential purchasers queuing up for the developer’s De Palma affordable apartment under the Rumah Selangorku programme at its open day last weekend, where only 200 units were available for sale.
KUALA LUMPUR (Sept 13): Analysts expect no significant impact on the local property market, following the government’s move to allow eligible property developers to obtain a licence under the Moneylenders Act and Pawnbrokers Act to provide up to 100% financing for homebuyers.
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