Kota Seriemas in Nilai
PETALING JAYA (Sept 24): The developer of the 151-acre Kota Seriemas Golf and Country Club (KSGCC) in the Kota Seriemas township in Nilai, PNB Development Sdn Bhd (PNBD) sees the value of properties in the town rising.
Minetech to build bridge connecting You City and Grand Saga Highway for RM16.1m
KUALA LUMPUR (Sept 21): Minetech Resources Bhd has been tasked to build a connecting bridge between PJ Development Group's You City in Cheras and the Grand Saga Expressway for a contract sum of RM16.
Beware of headwinds in Singapore's property sector but also seize the day
SINGAPORE (Sept 21): Despite the resale market remaining vibrant in August, with 750 caveats lodged, OCBC Research is maintaining its “neutral” call on the property sector, citing physical oversupply for 2016 to 2017.
6% interest fair rate for developers to charge house buyers, says Noh
KUALA LUMPUR (Sept 20): A maximum loan interest of 6% is a fair rate for developers to charge house buyers, The Star reported Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar as saying yesterday.
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.
High household debt the elephant in the room
THERE is a big elephant in the room and it is Malaysia’s household debt — among the highest in Asia.
Jotun, USG Boral and Volvo are partners for The Edge property awards
THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.
Developer-lending brings more risks than benefits
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.
Govt initiative may see sales of property increase slightly
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.
