NEW STRAITS TIMES. 30TH SEPTEMBER: Property analysts and housing developers said any further interest rate hike on the property sector will be minimal and only create headwinds in the short term. They said a rate hike would undoubtedly dampen consumer sentiment, but this could be mitigated by strong economic growth. AmBank Research equity research analyst […]
FREE MALAYSIA TODAY. 25TH SEPTEMBER: About half of the 1.62 million public servants in the country are still unable to own their own homes due to the sector’s minimum wage being “irrelevant” in current times, the leader of civil service unions said today. Adnan Mat, president of Cuepacs, said the existing minimum wage made it difficult for […]
THE EDGE MARKETS. 25TH SEPTEMBER: Much hope is hung on the National Budget 2023 to resolve the many economic problems brought about by the just-abated Covid-19 pandemic, the current political instability and the inflation spike, among others. In the National House Buyers Association (HBA)’s view, Budget 2023 needs to make homeownership affordable for the ordinary rakyat […]
THE EDGE MARKETS. 23RD SEPTEMBER: The Ministry of Housing and Local Government (KPKT) hopes its application for 100% stamp duty exemption for ownership of first-time homeowners of properties priced above RM500,000 and RM1 million would be approved at the tabling of Budget 2023 next month. Its minister Datuk Seri Reezal Merican Naina Merican said that for now, […]
PENANG PROPERTY TALK. 24TH SEPTEMBER: Property buyers in the northern states of Malaysia are in for a treat, as the housing and local government ministry recently launched Karnival Jom Beli Rumah Wilayah Utara, in conjunction with the Home Ownership Programme (HOPE). The carnival is taking place from Sept 23-25 at Millenium Dewan Square, Kepala Batas, Penang, […]
THE STAR. 23RD SEPTEMBER: Nearly 100,000 units of unsold houses are on promotion throughout the ongoing Jelajah Home Ownership Programme (HOPE) and Jom Beli Rumah Carnival at Dewan Millenium here. The three-day event for the northern region, which starts Friday (Sept 23), features various offerings from 45 exhibitors and 23 housing developers apart from various government housing […]
NEW STRAITS TIMES. 22ND SEPTEMBER: Cagamas Bhd and the Asian Development Bank (ADB) have signed a technical assistance agreement to grow the green residential mortgage market in Malaysia for the affordable housing segment and housing in smaller towns. According to Cagamas’ president and chief executive officer Datuk Chung Chee Leong, the company seeks to make sure […]
EDGEPROP. 21ST SEPTEMBER: Malaysia remains a destination for real estate investment for Chinese investors as the slowdown in the republic’s property market is leading to an increase in Chinese investment in overseas properties, especially in Southeast Asia. Juwai IQI Holdings said in a report that many Chinese buyers believe Malaysia’s property market would recover from its […]
THE EDGE MARKETS. 21ST SEPTEMBER: Collaboration from all stakeholders within the chain is required to make affordable green houses accessible for more people, said RAM Holdings Bhd’s sustainability services unit. Gladys Chua, head of sustainability services at RAM Sustainability Sdn Bhd, said green home supply is still at the infancy stage in Malaysia. In terms of […]
NEW STRAITS TIMES. 21ST SEPTEMBER: A slump in the Chinese real estate market is encouraging more Chinese investors to buy property abroad, and Malaysia is on their list of potential destinations. Juwai IQI’s most recent real estate research, headlined “China Property Slowdown Drives Southeast Asia Property Investment,” claimed that the country’s residential real estate crisis is […]