Ascott acquires 80% stake in US accommodation provider Synergy Global Housing

Jul 24

SINGAPORE (July 24): The Ascott, CapitaLand’s serviced residence unit, is acquiring an 80% stake in Synergy Global Housing, a leading accommodation provider in the US where it leases apartments from partners and property owners to rent to corporate clients.

Affordability the issue, not access to home financing, says Bank Negara

Jul 18

KUALA LUMPUR (JULY 18): Some RM40 billion housing loans were approved to more than 152,000 borrowers in the first five months of this year, and eligible homebuyers will continue to have access to financing, according to Bank Negara.

In-depth study on unsold low-cost homes needed

Jul 14

KUALA LUMPUR (July 14): The Real Estate and Housing Developers’ Association (Rehda) said an in-depth study on unsold low-cost homes needs to be done, in response to a suggestion that the Johor government should buy up unsold units to help out property developers.

Bank Negara: Three things that could enhance Malaysia’s affordable housing ecosystem

Jul 05

PETALING JAYA (July 4): A sound, innovative and coordinated public policy is needed to address the affordable housing challenge, said Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour in his keynote address at the “Dialogue on Sustainable Development of Affordable Housing” organised by Cagamas Holdings Bhd in Kuala Lumpur today, He said a central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.

REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival

Jul 04

KUALA LUMPUR (July 4): The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.

Government to double PPA1M houses to 200,000

Jun 20

PUTRAJAYA (June 20): The government has decided to build 200,000 units of houses under the 1Malaysia Civil Servants Housing (PPA1M) programme, double the number originally targeted.

Mah Sing eyes RM1.3 bil GDV Sentul land via acquisition of new unit

May 26

KUALA LUMPUR (May 26): Mah Sing Group Bhd has entered into an agreement with LTS Properties (M) Sdn Bhd, TS Law Corp Sdn Bhd and Law Wai Cheong for the purchase of a 78% equity stake in Cosmowealth Housing Development Sdn Bhd for RM54.

11 Rumah Selangorku projects to be completed this year

May 10

PETALING JAYA (May 3): A total of 11 Rumah Selangorku projects, amounting to 2,820 units of affordable homes, will be completed by the end of this year, according to the Selangor Housing and Property Board (LPHS).