Want to know more about the peer-to-peer home financing scheme announced in Budget 2019? By using FundMyHome scheme as an example, here we have extracted the summaries of key points by Malay Mail below: What is it in a nutshell? Quite simply, FundMyHome allows a person to buy a home ... Read More

The government has good intentions in introducing the property crowdfunding initiative, the first such financial innovation in the world, but proper studies need to be carried out, said the Council of Eminent Persons chairman Tun Daim Zainuddin. He said the peer-to-peer (P2P) home financing initiative, announced by Finance Minister Lim ... Read More

The measures announced in Budget 2019 will not be enough to "kick-start" the already subdued property and housing market, said property experts. "The measures for the property sector are too small to affect the market in any way. The market is already subdued, already slow. Overall, I don't think there ... Read More

Homebuyers under the FundMyHome scheme not only has the opportunity to own a home at only 20% of the house price but could also tap the robust property market to enjoy investment return, said The Edge Group Chairman Datuk Tong Kooi Ong. The innovative and inclusive homeownership scheme developed by ... Read More

The government will allow the setting-up of property crowdfunding  platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng yesterday. The first exchange is expected to go live in the first quarter of 2019, after all necessary approvals are obtained ... Read More

Penang will have to wait a little longer to know whether the state will get federal allocations for its projects. A check on the 2019 Estimated Federal Expenditure of several ministries at www.treasury.gov.my after Finance Minister Lim Guan Eng tabled the budget yesterday shows no mention of specific development funds ... Read More

Below are Budget 2019 highlights for housing: 1. RM1.5bil to build and complete affordable homes under the People’s Housing Programme, Civil Servants Housing Project, PR1MA, and Syarikat Perumahan Nasional Bhd. 2. RM1bil fund to be set up by the Central Bank of Malaysia (BNM) for those earning under RM2,300 per ... Read More

Niche property developer Runnymede Group of Companies (Runnymede Group) has signed a landmark MOU with Ritz-Carlton, the famed luxury and lifestyle hotel and resort brand, for the management of a luxury hotel and residency units within the Runnymede Place development in Penang, Malaysia. This nearly five-acre seafront development is located ... Read More

Mah Sing Group Berhad (Mah Sing) celebrated the opening of its Southbay Sales Gallery at Batu Maung after closing down the lobby and outdoor landscape for renovation a month ago. The opening celebration kicked off with a ribbon cutting ceremony and lion dance performance to usher in good luck and ... Read More

Following numerous calls for lower property prices, the Real Estate and Housing Developers' Association Malaysia (Rehda) has come out to say that house buyers can now expect prices to be at least 5% lower for new launches. This is partly attributable to 2.5% to 5% of savings for developers after ... Read More