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
250,000 PR1MA units approved
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
Affordable extravaganza at Mapex 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
DBKL brings hammer down on public housing abusers
The misuse and abuse of public housing privileges has become a hot topic over the past year, with reports of units under the people’s housing project (PPR) and public housing (PPA) being taken up by those above the qualifying bracket. Also, there are cases of successful applicants subsequently renting... Read more
China building massive city south of Beijing
Those who follow China’s progress know that once an idea is mooted by the government there is very little stopping it from becoming a reality – no matter how large or small the endeavour may seem. Well this is big, very big. China has recently decided to build a... Read more
More affordability from Sime Darby
Leading developer Sime Darby Property (SDP) is showing its commitment to the Rumah SelangorKu housing scheme with a new project, dubbed Harmoni 1, which will take shape in Putra Heights in Subang Jaya, Selangor. The affordable homes high-rise project comprises 1,700 apartment units that will be priced between the... Read more
BNM paints bleak picture for affordable housing
Malaysia’s central bank has consistently warned the development and construction industry about its ongoing misplaced focus and the lack of supply in the affordable housing category. For example, Bank Negara Malaysia (BNM) had previously criticised the incoming supply of residential properties as being “severely unaffordable” when compared against the... Read more