BNM keeps OPR steady, takes comfort in sustained growth
“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said.
Urban Renewal Act a top priority, says Housing and Local Govt Ministry
The URA is envisioned to bring about a wave of urban redevelopment by lowering the bar in buying over strata titles.
BMI says Malaysia's planned RON95 subsidy removal heightens rate hike risk, but keeps OPR target at 3%
The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in Budget 2025 — could drive inflation higher, potentially prompting policymakers to act 'sooner than later', BMI said in a commentary note on Friday.
Think tank proposes new way to measure housing affordability, saying current method overlooks critical elements
“While financial affordability measures the monetary burden of owning a home, social affordability focuses on its appeal based on proximity to efficient transportation systems and the availability of job opportunities.
Transparency needed before assessment tax hikes
DBKL should treat its underlying problems with financial accountability rather than increase rates that will cause inflation and make the rakyat suffer the domino effect down the supply chain.
Quota abolished for solar panel installation under self-consumption mechanism — energy ministry
The programme, introduced back in 2017, was previously limited to installation of solar photovoltaic (PV) systems on rooftops.
Ending flat-rate loan calculations can curb household debt, bankruptcy risks — economists
“The Rule of 78 front-loads interest payments, meaning borrowers pay a larger portion of the total interest in the early stages of the loan.
Melaka records 12 home contractor fraud cases with claims over RM200,000
Melaka Domestic Trade and Cost of Living Ministry (KPDN) director Norena Jaafar: “Fraud cases involving home contractors often occur because homeowners hire unregistered contractors, connect with them through third parties or social media platforms like Facebook or fail to document agreements properly.
BNM plans to abolish flat rate rule on personal financing products to prevent penalising early repayers
The new proposal also requires FSPs to verify the actual purpose of the financing by requesting supporting documents from the financial consumer before treating additional financing as home financing.
Retraction of CIDB’s Quality Guidebook for Homeowners a wise move — REHDA
“REHDA understands that homeowners want to ensure that their rights are protected against errant developers or contractors, but the guidebook was never meant to be used as a checklist of any sort,” said president, Datuk Ir Ho Hon Sang.
