Government mulls reintroducing DIBS for first time home buyers

KUALA LUMPUR (Oct 30): The government is considering proposals by property developers to reintroduce the developers interest bearing scheme (DIBS) and relax lending guidelines to promote first home ownership, said Minister in the Prime Minister’s department Datuk Sri Abdul Wahid Omar.

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Hong Kong shop rents decline further

HONG KONG (Oct 30): Prime street shops rents are expected to drop further across all major retail districts in Hong Kong, including Hong Kong Central, Causeway Bay, Tsim Sha Tsui and Mong Kok,according to the latest Hong Kong Monthly Property Market report by Knight Frank.

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PR1MA projects in the Klang Valley received highest demand

VIEW VIDEO PETALING JAYA (Oct 29): Perbadanan PR1MA Malaysia (PR1MA) projects in the Klang Valley have received the highest number of applicants of middle income earning between RM2,500 and RM10,000 a month, said PR1MA CEO Datuk Abdul Mutalib Alias (pictured) at a press conference recently.

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MRCB scores a hat-trick

KUALA LUMPUR (Oct 29): Construction and property development outfit Malaysian Resources Corp Bhd (MRCB) scored a hat-trick yesterday with two major job wins, and the announcement of a joint-venture (JV) partnership to undertake the development of the Cyberjaya City Centre (CCC), which has a reported gross development value of close to RM10 billion.

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