Don’t be “house poor”, cautions HBA
By Roznah Abdul Jabbar Potential house buyers need to educate themselves so that they do not just aspire to own a home, but are also focussed on avoiding a situation where they become disappointed and “house poor”, warns The National House Buyers Association (HBA). “Our recommendation is to encourage... Read more
OPR reduction: is it really all good news?
  BY Roznah Abdul Jabbar  The recent cut on the Overnight Policy Rate (OPR) to three per cent from the previous 3.25 per cent is said to be a boost to the consumer sentiment and property market, although not significantly. However, not all agree on the scope of its... Read more
Cash-rich investors to emerge big winners in 2016
BY Chris Prasad Halfway into the year and we are beginning to get a clearer picture of where market trends are heading. At the onset of 2016, property investors were bombarded with an onslaught of predictions, many offering contrasting perspectives, which did more to stoke uncertainty rather that allay... Read more
Paramount Corp’s 1Q nett profit down 58pc
Property developer Paramount Corporation Bhd saw its nett profit plunge 58.21 per cent to RM9.69 million in the first quarter ended March 31, 2016 (1QFY16), from RM23.19 million a year ago, due to dented sales in its property division. For the same reason, its revenue declined 31.22 per cent... Read more
RAM maintains negative outlook for KL, Selangor
BY Roznah Abdul Jabbar RAM Ratings Services Bhd has maintained its negative outlook on the Malaysian residential property sector and the commercial (office and retail) sub-segments in Kuala Lumpur and Selangor this year. In its sector commentary report, the agency said consumer and business sentiment is expected to remain... Read more
Family-centric space at  Bandar Seri Coalfields
  BY Pavither Sidhu    Among the most common issues faced by growing families in the Klang Valley these days is a dearth of options when it comes to seeking a home that offers adequate living space at a decent price – preferably below the RM1 million mark. This... Read more
Lament of the neglected  “middle child”
  BY Roznah Abdul Jabbar For several years now, affordable housing has been the cry of the rakyat. In response, the government has announced a number of initiatives aimed at meeting this demand. However, while there has been a steady flow of low-cost homes over the last decade, not... Read more
KUALA LUMPUR, April 25 (Bernama) — The government should address the shortage of affordably-priced houses in the country before implementing schemes to enable the middle-income group to buy houses, said economist Muhammad Ridhuan Bos Abdullah. He said while the new First Home Deposit Funding Scheme (MyDeposit) was a good... Read more
Napic confirms bumpy  ride ahead for market
 The National Property Information Centre (Napic), which tracks historical transactional data to foresee market trajectory, released its Property Market Report 2015 this week, reinforcing the general consensus that 2016 will be a challenging year for the sector. Overall, Napic said that transactions slowed by 5.7 per cent compared to... Read more
Fomca: NUBE’s interest-free loan proposal should be emulated
  The Federation of Malaysian Consumers  Associations (Fomca) has not only backed the National Union of Bank Employees’ (NUBE) plan of interest-free housing loans for its members in the middle- and lower-income segments, it also urges other industries in the private sector to follow suit. According to Bernama, Fomca... Read more