News about housing

KUALA LUMPUR (Nov 1): A property investment consultant has suggested that the government consider imposing a 30% affordable housing quota in every residential development project instead of low-cost housing, Bernama reported today.

KUALA LUMPUR (Nov 1): The Ministry of Urban Wellbeing, Housing and Local Government said it is working on a paper to be submitted to the National Housing Department (JPN) for the standardisation of land costs and the quota for low-cost housing, which differs between the different states in the country.

PETALING JAYA (Oct 25): The good intentions behind the measures to increase the supply of affordable housing announced in the recently tabled Budget 2017 may be good but they would need effective implementation, said the Selangor branch chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda), Zulkifly Garib.

KUALA LUMPUR (Oct 21): Civil servants’ housing loan eligibility will be raised from between RM120,000 and RM600,000 to between RM200,000 and RM750,000 under Budget 2017.

NOWADAYS whenever people talk about buying properties, more often than not, they blame banks for not lending enough.

KUALA LUMPUR (Oct 11): Bank Negara Malaysia said developing broader home ownership alternatives, including a well-functioning rental market, was deemed a policy priority to protect homebuyers from financial hardship.

GEORGE TOWN (Oct 7): The Penang government is still awaiting a final opinion from its legal advisor's office pertaining to measures to be taken against those who abused the affordable housing system, Bernama reported today.

KUALA LUMPUR (Oct 5): Potentially higher Employees Provident Fund (EPF) withdrawal for homebuyers will not see significant impact on the property sector given that there are already various financing schemes from the government to address the challenge of homebuyers in purchasing their first homes, according to AllianceDBS research.

KUALA LUMPUR (Sept 22): The Malaysian Government's Public Sector Housing Financing Board said its RM4 billion Islamic bond was oversubscribed more than three times, due to its "strong credit standing.

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.