Malaysia’s household debt ratio down but still high, says BNM
PETALING JAYA (March 27): Malaysia’s total household debt to gross domestic product (GDP) ratio has eased further for the fourth consecutive year to 83% at end-2018 compared with 83.
Loan approval rates for property purchases trended lower in 2018
PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.
Large incoming supply raises credit risk of commercial properties
PETALING JAYA (March 27): Due to large incoming supply, risks are expected to remain elevated for the office space and shopping complex property segment in Malaysia.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Govt asks for RM15.5b more for development spending
KUALA LUMPUR (March 27): The Federal Government is seeking RM15.
Govt to introduce tightened rules on resale of affordable housing units, says Zuraida
KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.
Over RM910,000 lost to conmen promising RMMJ houses
JOHOR BAHRU (March 27): More than 70 people have lost what could amount to over RM910,000 to scammers who promised to secure them Johor Affordable Homes (RMMJ).
Thai woman survives after car plunges eight floors
KUALA LUMPUR (March 27): This must be the stuff of nightmares – you lose control of your vehicle and it flies off a multi-storey car park in a death plunge.
Shah Alam eatery listed on Asia’s 50 Best Restaurants
PETALING JAYA (March 27): It is already known that Malaysian street food is increasingly getting the notice of gourmands and foodies the world over.
Selamatkan Kuala Lumpur: Fresh hearing on Tiara Titiwangsa project unnecessary
KUALA LUMPUR (March 27): NGO Selamatkan Kuala Lumpur (SKL) has said there is no need for a fresh hearing for residents in Taman Tiara Titiwangsa regarding a high-density project on Yayasan Wilayah Persekutuan land.
