News List

Penang 'The Rise' condominium draws ire among residents

GEORGE TOWN, Oct 12 -- More than half of the residents of The Rise condominium at Jalan SP Chelliah here were dissatisfied with the poor condition of their unit and the facilities.

Lowering threshold to clear unsold properties should not detract from focus on affordable housing -- PAM

KUALA LUMPUR, Oct 12 -- The Malaysian Institute of Architects (PAM) says although lowering the price threshold for foreign buyers to RM 600,000  is a good short-term measure to clear existing unsold properties, it should not detract developers from their recent focus on affordable housing for the B40 and M40 segments.

Specific guidelines needed for relaxation in foreign property ownership - PwC

KUALA LUMPUR, Oct 11 -- Lowering of the threshold for foreign ownership in property from RM1 million to RM600,000 may be appropriate in the short term, but specific guidelines are important in ensuring long-term sustainability and viability, said PwC Malaysia tax leader Jagdev Singh.

HOC extension helps assist more first-time house buyers --Rehda

KUALA LUMPUR, Oct 11 -- The government's decision to extend the Home Ownership Campaign (HOC) 2019 for another six months until Dec 31, 2019 will help assist more first-time house buyers to own a house, the Real Estate and Housing Developers' Association Malaysia (Rehda) said.

2020 Budget: New measures will spur property market, says FIABCI

GEORGE TOWN, Oct 11  -- The International Real Estate Federation (FIABCI) said the Fund for Affordable Homes, Home Ownership Campaign, Rent to Own scheme and Youth Housing scheme are positive measures taken by the federal government to spur the property market.

Government extends youth housing scheme to help own first homes

KUALA LUMPUR, Oct 11 -- The government will extend the Youth Housing Scheme administered by Bank Simpanan Nasional starting Jan 1, 2020 until Dec 31, 2021 to assist youths to own their first homes.

Cagamas signs MoC with JHF to strengthen housing finance

KUALA LUMPUR, Oct 10 -- Cagamas Bhd (Cagamas) and Japan Housing Finance Agency (JHF) have signed a memorandum of cooperation (MoC) to strengthen the cooperative relationship for development of housing finance in both countries.

Negeri Sembilan's REHDA to organise HOC & Mapex 2019 this Friday

SEREMBAN, Oct 7 --  Negeri Sembilan’s Real Estate and Housing Developers’ Association (REHDA) will be holding the Home Ownership Campaigns (HOC) and Real Estate and Housing Expo 2019 for the third time this year at Seremban Prima Shopping Complex this Friday until Sunday.

Govt needs to provide further housing aid to young M40 -- Tax expert

KUALA LUMPUR, Oct 7 -- Ernst & Young Tax Consultants Sdn Bhd has urged the government to provide further housing assistance to the young Middle 40 household income group (M40), as they could provide additional traction to the property market.

PropertyGuru eyes A$363 mln from IPO

KUALA LUMPUR, Oct 7 (Bernama) -- PropertyGuru Ltd aims to raise A$363 million (A$1=RM2.83) from its initial public offering (IPO) on the Australian Securities Exchange (ASX).