News about urban

KUALA LUMPUR (Nov 10): Shares in IOI Properties Group Bhd slumped the most in a month yesterday, after the property developer was reported to have place a record bid of S$2.

KUALA LUMPUR (Nov 9): IOI Properties Group Bhd submitted a S$2.

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.

KUALA LUMPUR (Oct 18): Ninety per cent of the country's population will live in cities by 2050, according to the World Bank statistics.

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 (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.

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.

RAM Rating Services does not expect the property sector to be significantly lifted by the move to allow eligible developers to apply for a moneylender's licence to provide loan facilities to house buyers KUALA LUMPUR (Sept 13): Malaysian homebuilders' accumulation of debts to finance their land purchases over the past few years have left little room for them to undertake the developer financing scheme sanctioned by the Ministry of Urban Wellbeing, Housing, and Local Government, said RAM Rating Services Bhd.

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 8): The Urban Wellbeing, Housing and Local Government Ministry will be issuing money lending licences to eligible property developers to provide financing for homebuyers.