Growth in loan disbursement accelerates to five-year high of 7.3% in 2018
KUALA LUMPUR (March 27): Banks are lending.
BNM tells banks to use plain language in housing loan contracts
PETALING JAYA (March 27): Bank Negara Malaysia (BNM) (pictured) has given banking institutions until end- 2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts.
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.
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.
Foreign workers housed in gated communities irks local residents
KUALA LUMPUR (March 27): The land-scarce island of Penang has seen the issue of Multinational Corporations that have been forced to house their foreign workers within exclusive gated and guarded communities, raising the ire of locals in the neighbourhoods.
