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Property News

Bank Negara likely to announce property curbs next week

Bank Negara likely to announce property curbs next week

KUALA LUMPUR: Bank Negara is expected to announce next week measures to curb property speculation and a programme to create financial awareness for the youth, said sources.The introduction of a loan to value requirement for people buying their third house ... Read More
Plenitude  plans  RM400m small-scale projects

Plenitude plans RM400m small-scale projects

PLENITUDE Bhd (5075) plans to launch several small-scale property projects worth as much as RM400 million over the next eight months. The builder is taking advantage of a run-up in property prices to launch the seven residential projects that will ... Read More
Mutiara Goodyear bullish on outlook

Mutiara Goodyear bullish on outlook

Executive chairman Hamidon Abdullah said he was bullish on next year's outlook, describing the market as buoyant. Mutiara's new projects in Bandar Sunway, Kajang and Cyberjaya in Selangor and in Butterworth, Penang, are gated communities targeting the middle-to upper-income groups ... Read More
Rates hike over next 3-6 months unlikely

Rates hike over next 3-6 months unlikely

Bank Negara Malaysia is likely to pause rates again at its next meeting on Nov 12, says Senior Economist at AmResearch, Manokaran Mottain."With Bank Negara having frontloaded rate hikes in the earlier part of the year, we see greater flexibility ... Read More
SP Setia to launch four residential projects worth RM546mil

SP Setia to launch four residential projects worth RM546mil

GEORGE TOWN: SP Setia Bhd plans to launch four new residential projects with an estimated gross sales value RM546mil on the island beginning this December and next year. SP Setia property (North) general manager S. Rajoo told StarBiz that the ... Read More
Ministry wants ‘no down-payment rule’ to cover RM350,000 homes

Ministry wants ‘no down-payment rule’ to cover RM350,000 homes

KUALA LUMPUR: The Housing and Local Government Ministry will propose that the ceiling price of homes that do not require a down-payment for purchase be raised to RM350,000.Minister Datuk Chor Chee Heung is expected to table the proposal at next ... Read More
Housing levies under review Move to spur construction of more affordable homes, says CM

Housing levies under review Move to spur construction of more affordable homes, says CM

GEORGE TOWN: The state government is reviewing the various charges imposed on residential projects priced between RM300,000 and RM350,000 per unit on the island, and RM200,000 and RM250,000 on the mainland.Chief Minister Lim Guan Eng said that the move would ... Read More
Ministry: No property bubble

Ministry: No property bubble

SHAH ALAM: The Housing and Local Government Ministry does not foresee a property “bubble” in the country, where a rise in prices will be followed by a rapid reduction.Minister Datuk Chor Chee Heung said that so far this year, property ... Read More
'Household debt issue not addressed'

'Household debt issue not addressed'

LEADING think-tank Malaysian Institute of Economic Research (Mier) is disappointed that the 2011 Budget did not provide measures to address high household leverage. Executive director Dr Zakaria Abdul Rashid described it as a key disappointment in the Budget, besides the ... Read More
MIER concerned with rising household debt

MIER concerned with rising household debt

The Malaysian Institute of Economic Research (MIER) is concerned with the rising household debt level which stood at 77 per cent of Gross Domestic Product (GDP) last year.In Bank Negara Malaysia (BNM)'s 2009 annual report, household debt was reported to ... Read More