ZADC
BNM’s RM1bil fund aims to lower monthly mortgage
FIRST-TIME BUYERS COULD SEE MONTHLY COMMITMENTS LOWER BY 23% COMPARED WITH CURRENT FINANCING SCHEMES There is good news on the horizon for first-home seekers and comes courtesy of the central bank. According to Bank Negara Malaysia (BNM), its recently launched RM1 billion Fund for Affordable Homes will see first-time... Read more
LBS: Empower buyers in 2019
COMPANY HOPES GOVERNMENT WILL PROVIDE MORE IMPETUS FOR FIRST-TIME HOME OWNERSHIP AND FACILITATE BETTER ACCESS TO HOME LOANS IN UPCOMING BUDGET As part of its wish list for Budget 2019, veteran developer LBS Bina Group Berhad (LBS) says it is hopeful for policies that will help empower first-time home... Read more
Dark days for apartments and SoHos
MOST MARKET WATCHERS POINT FINGER AT PREVALENT STRINGENT FINANCING REGIME FOR CURRENT OVERHANG SITUATION All is not well for apartments and SoHos on the property landscape and unflattering official numbers are telling us exactly why. The National Property Information Centre’s (Napic) report on the property overhang for the first... Read more
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
BNM paints bleak picture for affordable housing
Malaysia’s central bank has consistently warned the development and construction industry about its ongoing misplaced focus and the lack of supply in the affordable housing category. For example, Bank Negara Malaysia (BNM) had previously criticised the incoming supply of residential properties as being “severely unaffordable” when compared against the... Read more
Out of a total of 17,546 applications received for Rumah Selangorku, 8,770 have been rejected since the programme was introduced in 2012, Bernama reported. State Housing, Building and Urban Settler Management Committee chairman Datuk Iskandar Abdul Samad said the applications were rejected following strict conditions imposed by financial institutions.... Read more
Pivoting towards a rental market?
BY Chris Prasad Rapid development has made Malaysia a nation that is somewhat obsessed with homeownership. The heyday of double-digit economic growth contributed to a robust appetite for property buying, which could almost be compared to the “land rush” years in the American Wild West. However, it has also... Read more
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
Industry pleads with banks to ‘ease up’
BY Chris Prasad The plea for financial institutions to ease up on their current stringent housing loan application process and low approval rate is getting louder and louder, especially among industry professionals who say the prolonged tough loan climate is becoming detrimental to the property sector and the economy... Read more
The ongoing quest for affordability
BY Gunaprasath Bupalan KUALA LUMPUR — In Malaysia today, we are faced with a strange irony. Despite the continued rise of prices, demand for property remains strong (especially in the residential sub-segment). It is evident that home ownership is a major priority among our countrymen, which means the drive... Read more