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KUALA LUMPUR (Sept 21): After holding back some of its project launches for about a year, Glomac Bhd is now targeting to launch properties worth some RM1 billion in total gross development value (GDV) before its current financial year end April 30, 2017 (FY2017).

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KUALA LUMPUR (Sept 20): The Association of Banks in Malaysia (ABM) and The Association of Islamic Banking Institutions Malaysia (AIBIM) want to assure homebuyers that their member banks in Malaysia will continue to provide home financing facilities to eligible customers.

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.

Hock Seng Lee Bhd (Sept 19, RM1.

PETALING JAYA (Sept 19): Mah Sing Group Bhd wants the government to consider introducing more easing and stimulus policies in Budget 2017 to spur the growth of the property industry and the overall economy.

KUALA LUMPUR (Sept 15): The urban wellbeing, housing and local government ministry has been tasked by the cabinet to formulate a set of guidelines for property developers wishing to use moneylending licences to provide bridging loans to buyers facing constraints in meeting the initial payment.

KUALA LUMPUR (Sept 14): The Ministry of Urban Wellbeing, Housing, and Local Government has been tasked by the cabinet to formulate a set of guidelines for property developers who wish to undertake a money-lending licence to provide bridging loans to buyers facing constraints in meeting the initial sale-and-purchase payment.

PETALING JAYA (Sept 14): The proposal for property developers to have money-lending services to homebuyers is to bridge the remaining 10% to 15% end financing gap that financial institutions are not covering, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).

Glomac Bhd (Sept 13, 76 sen) Maintain hold with a higher target price (TP) of 82 sen: Glomac Bhd’s upcoming first quarter ended July 31, 2016 (1QFY17) results could come in below expectations, with weaker core net profit quarter-on-quarter (q-o-q) and year-on-year (y-o-y).