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Property News

Mah Sing: Local property market sustainable

Mah Sing: Local property market sustainable

KUALA LUMPUR: Mah Sing Group Bhd is confident the local property market is sustainable as the current buying activities are backed by economic fundamentals and genuine purchasers.“Despite Bank Negara’s measure to cap the loan-to-value ratio at 70% for third and subsequent house purchase, the prevailing low interest rate, healthy employment ... Read More
New homes soon for Buah Pala folk

New homes soon for Buah Pala folk

FORMER Kampung Buah Pala residents can expect to move into their new homes by early next year, ahead of schedule.Deputy Chief Minister II Dr P. Ramasamy said that construction of the houses would be completed in January and the families could expect to move in after the occupancy certificate is ... Read More
Buyers to pay more after second house

Buyers to pay more after second house

KUALA LUMPUR: Malaysians have to fork out more money from today to buy more than two houses after Bank Negara slammed the brakes on property speculation.The central bank announced with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70% for people buying their third or more house, ... Read More
Support for Bank Negara’s housing LVR cap move

Support for Bank Negara’s housing LVR cap move

PETALING JAYA: Bank Negara’s imposition of a maximum loan-to-value ratio (LVR) of 70% for a third and subsequent housing financing facility taken by a borrower is seen as a timely pre-emptive measure to avert unhealthy speculative activities and a potential property bubble, industry players concurred.With the latest measure that takes ... Read More
Malaysia tightens mortgage rules

Malaysia tightens mortgage rules

Malaysia’s central bank placed a limit on the loan-to-value ratio for people taking out third mortgages to buy homes in a bid to moderate “excessive” investment and speculation in urban areas.A maximum lending limit of 70 per cent will take immediate effect, Bank Negara Malaysia, the country’s central bank, said ... Read More
Boost for Tasek Gelugor

Boost for Tasek Gelugor

A MARA Skills Institute (IKM) and a government polytechnic will be built in the Tasek Gelugor parliamentary constituency in Penang under the 10th Malaysia Plan (10MP).Tasek Gelugor MP Tan Sri Nor Mohamed Yakcop said the RM50mil institute would be built in Tasek Gelugor town while the Politeknik Metro, to cost ... Read More
Making Penang a logistics hub

Making Penang a logistics hub

THE Northern Corridor Implementation Authority (NCIA) is committed to making Penang the next logistics hub and a dynamic import and export gateway for the Northern Corridor Economic Region (NCER).NCIA chief executive Datuk Redza Rafiq cited the second Penang bridge, Penang International Airport expansion, Penang Sentral Integrated Transport Hub, Penang Port ... Read More
Exciting decorating ideas to inspire home owners

Exciting decorating ideas to inspire home owners

HOMEDEC, an exhibition for homeowners, will be held at the Penang International Sports Arena (PISA) in Relau from Friday to Sunday.It is open to the public from 11am to 9pm daily.HOMEDEC will be a source of inspiration for those who plan to renovate, refurbish or redecorate their homes.It features new ... Read More
Singapore, HK provide models for Penang Housing Board

Singapore, HK provide models for Penang Housing Board

GEORGE TOWN: Penang is setting up its own Penang Housing Board (PHB), modelled after the successful Singapore Housing Development Board (HDB) and Hong Kong Housing Authority (HKHA) in a long term bid to streamline the development of housing and plan more affordable housing in the state.While the housing boards in ... Read More
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 or more has been talked about, but central bank governor ... Read More