ZADC
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
PEPS: We’re not blaming developers
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
Cyberjaya in for exciting times as smart-city model
INTELLIGENT CITY REASSERTS ITS POSITION AS AN IDEAL SPOT FOR TECH COMPANIES AND STARTUPS TO GROW THEIR VALUE   BY Zoe Phoon A journey of a thousand miles begins with a single step, a saying goes. Malaysia, under former premier Tun Dr Mahathir Mohamad, took her single step back... Read more
Who benefits from Budget 2018?
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