ZADC
Interest rates go up!

Interest rates go up!

News January 25, 2018

BANK NEGARA RAISES OPR ON THE BACK OF ‘STRONG GROWTH MOMENTUM’ At the Monetary Policy Committee (MPC) meeting held today, Bank Negara Malaysia (BNM) decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.25%. As such, the floor and ceiling rates of the corridor for... Read more
Of UK rate hikes and waning buyer, seller interest
 BY Zoe Phoon The Bank of England has hiked its benchmark interest rate for the first time in more than a decade, from record lows of 0.25% to 0.5% on Nov 2. The move is widely expected to affect millions of households as rates on savings, mortgages and other... Read more
Pessimism lingers among Malaysian developers
CAN THE UPCOMING BUDGET 2018 PROVIDE IMPETUS TO LIFT SPIRITS? Remember how market players were more optimistic about 2017 back in 2016? Well, things evidently haven’t panned out as planned and this has soured the overall mood considerably. If ever there was a sign that developers remain jittery about the... Read more
Govt to double up on PPA1M offering
The federal government has announced that it will double the number of units to be developed under the 1Malaysia Civil Servants Housing (PPA1M) programme to 200,000 units. Prime Minister Datuk Seri Najib Razak made the announcement during a handover of keys ceremony for the Selasih PPA1M project in Putrajaya’s... Read more
Asia Pacific realty softens, China bucks trend
Commercial real estate investment in Asia Pacific has seen a general slowdown across the region but appetite for mainland Chinese real estate remains robust, South China Morning Post reported, quoting analysts. Completed sales of properties in the region, excluding development sites, totalled US$30.4 billion (RM129.27 billion) in the third... Read more
No freeze on malls in Johor
Despite speculation that there could be a freeze on retail centres in Johor due to oversupply concerns, the state government has stated that it is not considering such a move. Johor Housing and Local Government committee chairman Datuk Abdul Latiff Bandi explained that a freeze would send the wrong... Read more
Johor housing loan scheme available for first timers
The Johor government, in collaboration with AmBank Islamic Bhd, has introduced a housing loan scheme to provide Islamic home financing to help Johoreans own affordable homes. Menteri Besar Datuk Mohamed Khaled Nordin said the scheme, which offers a total of RM300 million in loans to those earning below RM5,000 a month, is expected to help at least... Read more
BY Roznah Abdul Jabbar The property sales performance in the first half of 2016 (1H 2016) has dropped significantlly to 39 per cent from 52 per cent in 2H 2015. According to the Property Industry Survey 1H 2016 by Real Estate and Housing Developers’ Association (Rehda), the drop was... Read more
Too many schemes confuse house buyers, says HBA
BY Roznah Abdul Jabbar House buyers do not need a new scheme to aid them in owning a home as there are many existing schemes which are underutilised, said secretary general of National House Buyers Association (HBA) Chang Kim Loong. Responding to a recent news report on the expectation... Read more
Iskandar Malaysia rakes in over RM200bil
Iskandar Malaysia doubters now have reason to reassess their views as the latest numbers suggest that the special economic region is living up to its billing. Established in 2006 as the prime economic and development corridor in the southern region of the country, Iskandar has recorded RM208 billion in... Read more