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Property players concerned over new housing loan criteria proposal

KUALA LUMPUR: A proposal to change the way housing loans are approved has property consultants and analysts worried as they felt loans given based on net income as opposed to gross income would dampen demand for housing. Some banks, however, don’t have an issue with the proposed changes as one ... Read More

Depleting landbank may prompt BRDB to sell assets

Kuala Lumpur: Bandar Raya Developments Bhd (BRDB) may sell its prime assets to buy more land in the Klang Valley, Penang and Johor as its current landbank is depleting, analysts said. It may agree on a price of RM1.2 billion, which is about 27 per cent more than their book ... Read More

E&O deal hogs limelight

The pundits have it. For the last month or so, the rumour mill was working overtime around Eastern & Oriental Bhd (E&O), the luxury lifestyle property developer, that a merger or acquisition was in the works. First came the persistent speculation that SP Setia Bhd would merge with E&O, which ... Read More

Property loans to keep lead

PETALING JAYA: Analysts expect property loans to maintain their position as a key growth driver of credit expansion with some estimating them to grow between 10% and 12% this year due to the low interest rate environment and ample liquidity in the banking system. While holding to this view, some ... Read More

Exhibition with the best deals in decor and electrical items

VISITORS to the Perfect Livin ’11 Home & Lifestyle Exhibition at the Penang International Sports Arena (PISA) can expect good deals and discounts on a wide range of home decor and home living products. The one-stop solution, held until tomorrow, from 11am to 9pm, features more than 400 booths offering ... Read More

Bandar Raya: Tie-up with MPHB opens new avenues

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) says its joint venture with Multi-Purpose Holdings Bhd (MPHB) will open new avenues for the company for land development. BRDB is seeking opportunities to diversify its development portfolio to grow itself, said its chief marketing officer K.C. Chong. In April, BRDB's wholly-owned units, ... Read More

The Wave @ Setia Pearl Island

( This project is now known as Setia Sky 8 @ Setia Pearl Island ) The Wave, an upcoming condominium development at Setia Peral Island. This new development comprises 3 blocks with unit size ranging from 1,100 square feet to 2,000 square feet with full condo’s facilities. Property Project : The Wave @ Setia Pearl ... Read More

Exco man: 95 people offered Sri Saujana units

THE Penang Housing Department has offered 95 people units at the Sri Saujana flats on Macal- lum Street, and they will move in after their bank loans have been approved. State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said these people were squatters and residents ... Read More

Patriotism on display Revellers usher in National Day in style at Auto-City

BUKIT MERTAJAM: Thousands of people converged at the Auto-City in Juru here to usher in National Day.Merrymakers, shoppers and diners gathered at the venue as early as 7.30pm yesterday to be part of the celebration which was among the highlights of the three-day 2011 GLANZ Merdeka Living Green, Beauty and ... Read More

Ready for flood response

PROPERTY developers with projects in Batu Maung, Penang, have expressed their commitment to help out during flood-related emergencies.Batu Maung assemblyman Abdul Malik Abul Kassim said they would work closely with all eight Com-munity Development and Security Committees (JKKKs) in the constituency.?In view of the rainy spell, each JKKK will set ... Read More