OCBC Bank and IJM Land have partnered to introduce a green homeownership program, offering attractive financing options for eco-friendly properties. Discover the details of this sustainable collaboration. KUALA LUMPUR, 3rd Nov 2023 - OCBC Bank (Malaysia) Bhd and IJM Land Bhad (IJM Land), a prominent property developer, have officially sealed their collaboration with a memorandum of understanding (MoU),...
In its last Monetary Policy Committee meeting of 2023, Bank Negara Malaysia maintains the overnight policy rate (OPR) at 3%, citing an improved economic outlook while addressing inflation and growth prospects. KUALA LUMPUR, 2nd Nov 2023 - Bank Negara Malaysia (BNM) has opted to keep its overnight policy rate (OPR) steady at 3% during its Monetary Policy Committee (MPC) meeting held on Thursday. This...
UEM Sunrise collaborates with top banks to offer homebuyers attractive mortgage deals and financing options, making homeownership more accessible. KUALA LUMPUR, 26th Oct 2023 - UEM Sunrise Bhd has joined hands with several financial institutions to introduce a diverse range of financing solutions for its real estate developments. This strategic move aims to alleviate the financial challenges that...
Get the scoop on Malaysia's Budget 2024, focusing on housing, development, and sustainable initiatives. What's in store for the nation's future? KUALA LUMPUR, 16th Oct 2023 - The recently unveiled Budget 2024, themed "Madani Economy: Empowering the People," demonstrates the government's commitment to Malaysia's development and economic growth. With a total allocation of RM393.8 billion, a slight...
The Ministry of Local Government Development is cracking down on premises owners renting dangerous, small rooms, aiming to safeguard tenants' lives. IPOH, 15th Oct 2023 - The Ministry of Local Government Development is set to take strong measures against landlords renting out perilous, cramped rooms referred to as 'grave-like' to tenants. Nga Kor Ming, the Minister, has stated that the ministry will...
A 4% stamp duty on foreign buyers may counterbalance the benefits of relaxed MM2H rules, affecting the property market. KUALA LUMPUR, 16th Oct 2023 - The 4% stamp duty imposed on foreign buyers by Putrajaya might negate the positive effects of relaxing the Malaysia My Second Home (MM2H) participant conditions. Maybank Investment Bank (IB) research points out that while the more lenient MM2H...
Prime Minister Anwar Ibrahim reveals budget allocation, including a guarantee fund for reviving abandoned projects and measures to control property prices, in Malaysia MADANI Budget 2024. KUALA LUMPUR, 13th Oct 2023 - Prime Minister Datuk Seri Anwar Ibrahim, who also serves as the Finance Minister, announced that the government has earmarked RM24.7 billion to advance the people's housing project (PPR)...
PEPS urges the government to extend the RPGT waiver to ease property overhang issues and highlights the need for incentives like the rent-to-own scheme and support for affordable housing. Here's their wishlist for the 2024 Budget. KUALA LUMPUR, 11 Oct 2023 - The Association of Valuers, Property Managers, Estate Agents, and Property Consultants in the Private Sector (PEPS) has made a fervent appeal to...
Malaysian real estate stakeholders urge the government to reintroduce the Home Ownership Campaign (HOC) in Budget 2024, citing its success in promoting home ownership and affordability through financial incentives. KUALA LUMPUR, 10 Oct 2023 - Real estate stakeholders in Malaysia are eagerly awaiting Budget 2024, hoping for additional measures that will support developers, empower homeowners, and...
As of August, Malaysia has successfully revived 256 private housing projects with a total GDV of RM23.37 billion. These projects received completion certificates and progress status, signaling positive developments in the housing sector. KUALA LUMPUR, 04 Oct 2023 - Malaysia has breathed new life into 256 private housing projects, collectively valued at RM23.37 billion, as of August this year, as...
