Initiative could increase developers’ risk profile
AS property developers are given the option to take on the role of moneylenders to homebuyers who cannot obtain bank loans, it remains to be seen whether they will jump on the bandwagon en masse.
A passion for giving back
IT is a quarter past one in the afternoon at Pertubuhan Akitek Malaysia (PAM) Centre at Jalan Tangsi when Datuk Tan Pei Ing walks in.
S P Setia’s double-storey terraced homes in Johor record 80% take-up rate
JOHOR BAHRU (Sept 15): S P Setia’s double-storey terraced homes dubbed Visca and Villosa in the established Bukit Indah township recorded an 80% overall take-up during its recent launch.
Eco World CEO hopes to see more measures to help first-time homebuyers
KUALA LUMPUR (Sept 15): Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah (pictured) hopes the upcoming government budget will introduce measures to help homebuyers, especially first-timers, in obtaining end-financing.
IKEA pushes south
JOHOR BAHRU (Sept 15): Furniture store IKEA laid the foundation for its first store beyond the Klang Valley today at a cement-pouring ceremony here, the group said in a press statement.
Sunway Pyramid Hotel West renamed Sunway Clio Hotel
PETALING JAYA (Sept 15): Sunway Pyramid Hotel West in Bandar Sunway, Petaling Jaya, will have a brand new name, Sunway Clio Hotel, effective Oct 1 this year, according to Sunway Hotels & Resorts — the hospitality division of property-construction conglomerate Sunway Group.
TPPA could be a catalyst for Penang industrial, office properties
KUALA LUMPUR (Sept 15): The signing of the Trans-Pacific Partnership Agreement (TPPA) could be another catalyst for export-oriented Penang to attract investors’ attention to the Pearl of Orient.
Parkson to make gain of RM300 mil from divesting subsidiary
Parkson Holdings Bhd (Sept 14, 81 sen) Maintain underperform with an unchanged target price of 70 sen: Parkson Holdings Bhd’s 54.
UPDATE: Housing Ministry asked to formulate guidelines for developer lending scheme
KUALA LUMPUR (Sept 15): The urban wellbeing, housing and local government ministry has been tasked by the cabinet to formulate a set of guidelines for property developers wishing to use moneylending licences to provide bridging loans to buyers facing constraints in meeting the initial payment.
