News about developer

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.

THERE is a big elephant in the room and it is Malaysia’s household debt — among the highest in Asia.

  THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.

URBAN Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar seems to have created a shock wave by announcing the idea of having property developers apply for moneylending licences so that they can lend to homebuyers who fail to get mortgages from banks.

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.

Property sector (Sept 5) Upgrade to neutral from underweight: Year to date (YTD), the Kuala Lumpur Property Index (KLPRP) is up by 2.

Property sector (July 14) Maintain neutral: Bank Negara Malaysia (BNM) has cut its overnight policy rate by 25 basis points (bps) to 3%.

KUALA LUMPUR (June 17): A total of 5,851 out of 6,534 cases of housing developers who did not abide by the sale and purchase agreement since 2013 to May 31 this year have been settled by the National Housing Tribunal, Bernama reported yesterday.

KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.

PROPERTY stocks have gone into a tailspin as the boom years have come to an abrupt halt.