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
Affordable extravaganza at Mapex 2017
News July 22, 2017
If you still think the private and government sectors should make a more concerted effort to provide affordable housing to the masses, then the latest Malaysia Property Expo (Mapex) from Aug 11 – 13 will hold a special surprise for you. The Real Estate and Housing Developers’ Association (Rehda)... Read more
The prolonged mismatch between the price of supplied property and the average affordability level of Malaysian citizens has prompted Bank Negara Malaysia (BNM) to be more vocal about the issue in recent months. Having referred to the issue as “critical” late last year, it has subsequently made suggestions on... Read more
Japan pushing hard to land HSR project
News May 12, 2017
Japan is reportedly pulling out all the stops to land the lucrative Kuala Lumpur-Singapore High Speed Rail (HSR) deal, and is now using diplomatic muscle to ensure it has a seat at the table. According to the Nikkei Asian Review, the recent lapse in the Bandar Malaysia deal involving... Read more
