News about housing

KUALA LUMPUR (Aug 29): An expected rise in large infrastructure projects and affordable housing ahead of the general election is likely to further raise the government’s already-huge contingent liabilities, said RAM Rating Services Bhd.

KUALA LUMPUR (Aug 29): Tiong Nam Logistics Holdings Bhd, whose first-quarter (1Q) net profit dropped 94.

KUALA LUMPUR (Aug 10): One of the starting points in efforts to make cities, including in Malaysia, more sustainable is to be more aware of the needs of its citizens instead of just focusing on the space that can be built on.

KUALA LUMPUR (Aug 8): Industry players say the perceived slow demand in low-cost housing units is mainly due to difficulty in securing financing, unsuitable location of projects as well as a shift in demand towards better quality projects.

GEORGE TOWN (July 31): Adherence to the terms and conditions of application for Low-Cost Housing Programs (PPKR) in Penang was not up to par, according to the Auditor-General's Annual report 2016 Series 1.

KUALA LUMPUR (July 25): The government is looking to establish a single authority to regulate the housing industry especially for affordable housing in the country.

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.

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.

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.

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.