Putrajaya is risking a subprime crisis if it lets developers assume the role of housing loan creditors who are allowed to charge quadruple the interest rates offered by banks, the National House Buyers Association (HBA) warned. In a statement to the Malay Mail Online late last night, the HBA urged ... Read More

The Urban Wellbeing, Housing and Local Government Ministry is mulling a proposal for housing developers to be issued a money lending licence to help non-bankable house buyers and overcome down payment issues. Tan Sri Noh Omar (pix), the Minister, said he observed many buyers having difficulty making down payments. "I ... Read More

According to property consultancy firm Knight Frank Malaysia’s Real Estate Insights research report, the challenging property market has led developers to adopt “push marketing” in order to boost sales of their projects. Among the notable ongoing marketing campaigns is Sunway Group Bhd’s “Sunway Property Certainty Campaign” that offers up to ... Read More

Sunway Valley City, a proposed RM2.3bil integrated development by Sunway Property in Paya Terubong, Penang. It is strategically located on a 24 acres land along Jalan Paya Terubong, linked to Georgetown via Jalan Air Itam to the East, and linking to the FTZ area of Bayan Lepas and the Penang ... Read More

Sunway Bhd will launch RM5bil worth of properties in Penang over the next eight years. Sunway Property Development Division (Malaysia and Singapore) managing director Sarena Cheah said about 40% of them were long-term investment projects, which include hospitals, colleges and hotels. “We are submitting plans to the local authorities for ... Read More

The Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners. “I noted active transactions on the secondary market with prices staying flat,” he says in presenting the ... Read More

Slow sales in 2014 and 2015, and an even slower market since the start of this year have prompted developers to introduce various innovative marketing schemes to boost sales. Some of these include rent-and-purchase arrangements, the offering of “safety net loans” and even a re-focus on built-then-sell units to re-assure ... Read More

Sunway Property, the Master Community Developer and Malaysia’s leading property developer, will officially launch the final phase of Sunway Cassia in Batu Maung, Penang on 17 April 2016. Public are invited to the launch with an exclusive viewing of the semi-detached show units happening from 10am to 6pm at Sunway ... Read More

The Penang housing market will see houses on the secondary market and in new projects priced below RM450,000 hogging the limelight in the coming months, says Raine & Horne International Zaki + Partners director Michael Geh (pictured, below). However, the more pressing issue is the inordinately long delay in getting ... Read More

Sunway Bhd introduced special offerings under its Sunway Property Certainty Campaign yesterday, which includes financial assistance. The campaign – which will offer guaranteed loans, deferred payment plans and a voluntary exit plan – covers all Sunway projects in Malaysia from today until Sept 31. "We are still seeing demand for ... Read More