KUALA LUMPUR: Shareholders of Atlan Holdings Bhd have approved of the disposal of seven tracts of freehold land measuring a total 61.03 acres in Penang to Utara Malaya Realty Sdn Bhd for RM145 million cash.In a filing to Bursa Malaysia on Wednesday, Mar 16, the group said its shareholders had ... Read More

Property values in the Klang Valley, Penang and Johor are expected to grow at a slower pace this year due to high supply and speculation activities, a real estate services company says.CH Williams Tahir & Wong's managing director, Foo Gee Jen, said this year's growth in the prime areas was ... Read More

The Penang Government will provide incentives to encourage developers to build more low and medium-cost (LMC) houses as well as mid-range units on the island.State Town and Country Planning and Housing Committee chairman Wong Hon Wai said the government would ensure there was sufficient supply of mid-price range housing to ... Read More

1. Pre-Registration Stage: Contract of Sale There are 2 types of sale and purchase of property, namely: a) Purchase from property developers (Primary Sale) The sale and purchase of property (housing accommodation) which is under construction from a property developer is governed by the Housing Development (Control and Licensing) Act, ... Read More

While many young potential house buyers welcome the new My First Home scheme, those living in big cities with soaring property prices say owning a house remains an elusive dream. IF there is one regret that widow Noraini Abdullah has in her life, it is that at 60, she is ... Read More

KUALA LUMPUR: Young Malay­sians eligible for housing loans under the My First Home Scheme will be charged an interest rate or profit rate of base lending rate (BLR) minus 1.8% for the duration of their loan. A person has to be no more than 35 years of age when applying ... Read More

Gevanantham Marimuthu (Geva) has been waiting for over a decade to move into his Lembah Beringin home he bought in the late 1990s, 50km from Kuala Lumpur. Today, Geva, alongside some 2,000 others in that area, have not moved into their dream homes because the project has been abandoned. Geva ... Read More

KUALA LUMPUR: The average prices of newly developed residential property this year is expected to grow by 13% against last year in line with the increase in raw materials cost, according to a survey by Real Estate & Housing Developers’ Association Malaysia (Rehda).The survey showed that the average terrace house ... Read More

BANK Negara Malaysia is widely expected to leave borrowing costs unchanged but economists said it may carry out other measures to let some hot air out of the financial system and deal with rising prices of consumer goods and services. The monetary policy committee will make a decision on the ... Read More

KUALA LUMPUR: The rise in residential property prices is still manageable and measures such as the My First Home Scheme will allow those in the lower-income brackets to own homes.Prime Minister Datuk Seri Najib Tun Razak said at a press briefing yesterday, following the annual meeting with Bank Negara governor ... Read More