RESIDENTS in Seberang Prai are now keen to buy houses in gated and guarded schemes (GGS) for better security, said Henry Butcher Malaysia senior manager Fook Tone Huat.He said more developers are now building GGS properties, as there is a growing demand for them.“House buyers do not mind paying extra ... Read More

Mah Sing’s Group Managing Director cum Group Chief Executive, Tan Sri Datuk Sri Leong Hoy Kum has been honoured with the prestigious Entrepreneur of the Year Award at the BrandLaureate Award 2010-2011 organized by the Asia Pacific Brands Foundation (APBF). At the same ceremony, Mah Sing Group Berhad was named ... Read More

PETALING JAYA: Bank Negara’s move last November to introduce a loan-to-value (LTV) ratio for third and subsequent house financing facilities will not hamper residential mortgage loans growth this year or even reduce residential property prices significantly.A local bank-backed analyst said residential home loans growth might see a slight slowdown as ... Read More

Although only two restrictions have been placed on borrowing for the purchase of a third or more homes and credit card eligibility, it does not mean that there won’t be more to come.In fact, consumers should be vigilant as Bank Negara is believed to be putting more intensive supervision on ... Read More

THE government will allocate a portion of its landbank for the construction of affordable housing, especially for Malaysians eligible for the My First Home Scheme. Housing and Local Government Minister Datuk Chor Chee Heung said the affordable housing project, which will likely be stratified properties or apartments, will either be ... Read More

Nineten is part of Permai Village development located at Tanjung Bungah, Penang. It comprises 3-storey semi-detached house with a total 40 units. The semi-detached house come with 5+1 bedrooms and 5 bathrooms with a gross built-up area of 4,835 sq.ft. The land size of each 3-storey semi-detached house measuring from ... Read More

The Penang Malays Association (Pemenang) is planning to build 5,000 apartment units with a built-up area of not less than 1,000sq ft each in George Town.Its president Datuk Seri Mohd Yussof Latiff said the units would be built on 11.33ha of land, among others in Kampung Makam, Kampung Dodol, Jalan ... Read More

The residential property market has been experiencing an upturn since the fourth quarter of 2009 as demand rebounded by 7.1% (2009: -2.3%) following improved consumer sentiments. Meanwhile, the increase in housing stock moderated in 2010 as housing started a declining trend.The widening gap between supply and demand has kept property ... Read More

It turned out that South Korea plunged into a crisis that year because people got carried away and spent money they did not have. Millions defaulted on their payments, the government had to rescue its biggest credit card company and the economy slowed down significantly. A crucial aspect of the ... Read More

THE banking sector is well-positioned to make assessment of affordability and the creditworthiness of borrowers under the "My First Home Scheme".Bank Negara Malaysia (BNM) governor, Tan Sri Dr Zeti Akhtar Aziz, said there would be no risks to the quality of household loans from the scheme as the focus was ... Read More