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.
SkyWorld partners Penang state agencies for massive affordable housing project targeting M40
Anwar encouraged both the state and federal governments to work together to get this project started as quickly as possible.
Penang Turf Club: From racing legacy to future land prospects
In recent years, the Penang Turf Club has signalled its intent to sell its land, potentially fetching up to RM6 billion.
The Real Deal: Urgent need for home building standards
Taking vacant possession of a home is a momentous occasion.
Additional rooftop solar quota for M'sian businesses, households
The latest 50MW quota for households is in addition to the 50MW quota opened up in September.
MBAM supports CIDB’s decision to retract quality guidebook for homeowners
MBAM president Oliver HC Wee said in a press statement on Nov 15 that many building inspectors have “misinterpreted or even misused the guidebook” and have ill-advised homeowners on their property defects.
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A closer look at the Sarawak Land Code: What you need to know
The Sarawak Land Code is a vital tool in managing land in Sarawak, balancing the demands of development with the preservation of indigenous rights.
