We need a “Job-Centric” budget, says PropertyGuru
News November 2, 2020
Budget 2021 should focus on job creation and economic drivers, particularly for youth and first-time home seekers, says leading property portal and real estate listings site PropertyGuru. It said these demographics have seen a surge in home ownership interest following the COVID-19 outbreak. However, despite a bevy of property... Read more
Budget 2019: What’s in it for property?
News November 3, 2018
SOLUTIONS IN SIGHT FOR HOME SEEKERS WHO HAVE LONG BEEN WAITING IN THE WINGS BY Zoe Phoon Finance Minister Lim Guan Eng tabled the Pakatan Harapan government’s inaugural budget in Parliament on Nov 2. This is the first federal spending plan by a new administration after 61 years following... Read more
Return of cooling measures for S’pore property
News July 11, 2018
Just days after Singapore’s monetary authority fired a warning shot across the bow of the country’s overheating market, the government announced that it would raise the additional buyer’s stamp duty (ABSD) and tighten loan-to-value (LTV) limits on residential property purchases. While the move comes as a surprise to many,... Read more
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
PEPS: We’re not blaming developers
News November 30, 2017
OVERHANG ISSUE IS A COMPLEX PROBLEM THAT REQUIRES ATTENTION FROM NUMEROUS STAKEHOLDERS IN THE PROPERTY INDUSTRY BY Chris Prasad The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has clarified that an earlier press statement by the body was not intended... Read more
Does Budget 2018 reflect our 2020 goals?
ViewPoint October 30, 2017
PEPS WEIGHS IN ON THE GOOD, THE BAD AND THE UGLY… For those who are not in the know, “PEPS” is the very succinct abbreviation of the elaborately-named Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (or, in Bahasa Malaysia, Persatuan Penilai,... Read more
Who benefits from Budget 2018?
Market Watch October 26, 2017
WHAT DOES THE PROPERTY MARKET STAND TO GAIN (IF ANYTHING)? The likely good news is, if you are a farmer, fisherman, factory worker or bottom-tier civil servant, this budget is all about you. If you are a middle-income earner looking to move up the property ladder or even make... Read more
250,000 PR1MA units approved
News October 12, 2017
Despite some measure of criticism thrown in its direction, PR1MA Corp Malaysia announced that as at September 2017, more than 259,880 units under the 1Malaysia People’s Housing (PR1MA) programme have been approved for construction nationwide. Of these, 141,661 units are currently in various stages of development, said PR1MA Corp... Read more
Time for global investors to dive into local property market
Market Watch September 12, 2017
DEPUTY FINANCE MINISTER SAYS THERE’S NO TIME LIKE THE PRESENT FOR FOREIGN INVESTORS TO JUMP IN Foreign investors should once again take a closer look at Malaysia as a property investment destination, says deputy finance minister Datuk Lee Chee Leong, because they can now take advantage of the comparatively... Read more
PropertyGuru to lend buyers a helping hand
News September 12, 2017
RM50,000 IS YOURS IF YOU WIN THE ‘MY DREAM HOME’ CONTEST BY Zoe Phoon Affordability and homeownership remain challenges for most Malaysians, especially first-time buyers. Now, here’s an answer to getting onto the property ladder – but you have to enter a contest, then RM50,000 is yours if you... Read more
