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
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
Lacklustre take-up for Youth Housing Scheme
The government’s Youth Housing Scheme (YHS) which was introduced in 2015 to aid first-time buyers aged between 25 and 40 with a combined household income of not more than RM10,000 attracted only about 12 per cent of the 20,000 total application quota over a two-year period. To date, out... Read more
Ease conditions for first-time buyers
Penang State Housing Committee chairman Jagdeep Singh Deo has urged Bank Negara Malaysia (BNM) to consider giving flexibility to first-time home buyers in repaying bank loans. He said banks should lower the amount of monthly installments for them during the first few years saying the repayment amount can be... Read more