ZADC
Making housing affordable to the rakyat
BY The National House Buyers Association The National House Buyers Association (HBA) acknowledges the challenges faced by the prime minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and steep drop of the ringgit. HBA’s wish list to stem excessive speculation in the property sector that had caused the... Read more
Penang mulls density guideline changes
While the Penang state government decides on a proposal to raise the current density of 87 units per acre, market stakeholders are already hailing it as a necessary step to accommodate more affordable housing in the state. The Penang property market is one of the priciest in the country, particularly... Read more
OPR cut greeted with sighs of relief
BY Chris Prasad Bank Negara Malaysia’s mid-week decision to reduce the Overnight Policy Rate (OPR) to 3.00 per cent has been welcomed with open arms by the property industry, which has seemingly been hammered on all fronts in the current economic environment of lacklustre demand, rising construction material costs,... Read more
Ease conditions for first-time buyers
Penang State Housing Committee chairman Jagdeep Singh Deo has urged Bank Negara Malaysia (BNM) to consider giving flexibility to first-time home buyers in repaying bank loans. He said banks should lower the amount of monthly installments for them during the first few years saying the repayment amount can be... Read more