Initiative could increase developers’ risk profile
AS property developers are given the option to take on the role of moneylenders to homebuyers who cannot obtain bank loans, it remains to be seen whether they will jump on the bandwagon en masse.
AS property developers are given the option to take on the role of moneylenders to homebuyers who cannot obtain bank loans, it remains to be seen whether they will jump on the bandwagon en masse.
THERE is a big elephant in the room and it is Malaysia’s household debt — among the highest in Asia.
THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.
PETALING JAYA (Sept 14): Despite being the one of the most expensive housing markets in Malaysia, the Penang government has been making efforts to push affordable housing development for the young working population.
URBAN Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar seems to have created a shock wave by announcing the idea of having property developers apply for moneylending licences so that they can lend to homebuyers who fail to get mortgages from banks.
KUALA LUMPUR (Sept 13): Analysts expect no significant impact on the local property market, following the government’s move to allow eligible property developers to obtain a licence under the Moneylenders Act and Pawnbrokers Act to provide up to 100% financing for homebuyers.
PETALING JAYA (Sept 9): Qi City integrated development by Green Venture Capital (GVC), a subsidiary of Wawasan Qi Properties Group (WQIP), is poised to be the next catalyst for Ipoh and it’s expected to contribute RM1.
PETALING JAYA (Sept 9): The government should work with property developers to ensure easy accessibility to public transport and infrastructure.
PETALING JAYA (Sept 8): The Urban Wellbeing, Housing and Local Government Ministry will be issuing money lending licences to eligible property developers to provide financing for homebuyers.
Property sector (Sept 5) Upgrade to neutral from underweight: Year to date (YTD), the Kuala Lumpur Property Index (KLPRP) is up by 2.