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
Azmin: ECRL won’t impact palm oil export to China
The probable cancellation of the East Coast Rail Link (ECRL) may have far-reaching repercussions that have been overlooked. Among them is our strained relationship with China, which has already been impacted by a number of high-profile project cancellations, and what this could mean to our palm oil exports. The... Read more
Not as peachy as it looks
GLOBALLY, MALAYSIA HAS RECEIVED PRAISE FOR THE RESILIENCE AND STABILITY OF OUR PROPERTY MARKET, BUT UNCONVINCED LOCALS REMAIN CONCERNED ABOUT PERSISTENT GLUT The Malaysian property market has indeed weathered a seemingly endless storm over the past few years, navigating through a number global and local economic hurdles (as well... Read more
Bigger role for town planners under new Ministry
BY Shahrim Tamrin The Town and Country Planning Department (PLANMalaysia or JPBD) will be given a more inclusive role and expanded functions under the rationalisation process of Federal Territories Ministry. “We will allow PLANMalaysia to play clearer role in terms of planning and development policies at micro level with... Read more
Here’s what got the chop in the latest budget
BIG TICKET INFRA PROJECTS THAT HAVE BEEN EITHER AXED OR SHELVED There was plenty of trepidation in the lead up to Budget 2019, which was tabled on Nov 2. In weeks prior, the language from the government seemed cautionary, lowering our expectations for a closet full of candies as... Read more
Budget 2019: What’s in it for property?
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
LRT 3 is on, but at lowered cost
FOLLOWING A COMPREHENSIVE REVIEW, THE LIGHT RAIL TRANSIT PROJECT WILL LIKELY BE BACK ON TRACK BY NOVEMBER Here’s the good news for commuters: the Light Rail Transit 3 (LRT3) project will probably be back on the cards by November. The bad news, however, is this decision comes after contractors... 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
Return of cooling measures for S’pore property
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!

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