Support for Bank Negara’s housing LVR cap move
PETALING JAYA: Bank Negara’s imposition of a maximum loan-to-value ratio (LVR) of 70% for a third and subsequent housing financing facility taken by a borrower is seen as a timely pre-emptive measure to avert unhealthy speculative activities and a potential property bubble, industry players concurred.With the latest measure that takes ... Read More
Malaysia tightens mortgage rules
Malaysia’s central bank placed a limit on the loan-to-value ratio for people taking out third mortgages to buy homes in a bid to moderate “excessive” investment and speculation in urban areas.A maximum lending limit of 70 per cent will take immediate effect, Bank Negara Malaysia, the country’s central bank, said ... Read More
Boost for Tasek Gelugor
A MARA Skills Institute (IKM) and a government polytechnic will be built in the Tasek Gelugor parliamentary constituency in Penang under the 10th Malaysia Plan (10MP).Tasek Gelugor MP Tan Sri Nor Mohamed Yakcop said the RM50mil institute would be built in Tasek Gelugor town while the Politeknik Metro, to cost ... Read More
Making Penang a logistics hub
THE Northern Corridor Implementation Authority (NCIA) is committed to making Penang the next logistics hub and a dynamic import and export gateway for the Northern Corridor Economic Region (NCER).NCIA chief executive Datuk Redza Rafiq cited the second Penang bridge, Penang International Airport expansion, Penang Sentral Integrated Transport Hub, Penang Port ... Read More
Exciting decorating ideas to inspire home owners
HOMEDEC, an exhibition for homeowners, will be held at the Penang International Sports Arena (PISA) in Relau from Friday to Sunday.It is open to the public from 11am to 9pm daily.HOMEDEC will be a source of inspiration for those who plan to renovate, refurbish or redecorate their homes.It features new ... Read More
Singapore, HK provide models for Penang Housing Board
GEORGE TOWN: Penang is setting up its own Penang Housing Board (PHB), modelled after the successful Singapore Housing Development Board (HDB) and Hong Kong Housing Authority (HKHA) in a long term bid to streamline the development of housing and plan more affordable housing in the state.While the housing boards in ... Read More
Bank Negara likely to announce property curbs next week
KUALA LUMPUR: Bank Negara is expected to announce next week measures to curb property speculation and a programme to create financial awareness for the youth, said sources.The introduction of a loan to value requirement for people buying their third house or more has been talked about, but central bank governor ... Read More
Plenitude plans RM400m small-scale projects
PLENITUDE Bhd (5075) plans to launch several small-scale property projects worth as much as RM400 million over the next eight months. The builder is taking advantage of a run-up in property prices to launch the seven residential projects that will cover areas in Klang Valley, Johor and Penang. "These properties ... Read More
Mutiara Goodyear bullish on outlook
Executive chairman Hamidon Abdullah said he was bullish on next year's outlook, describing the market as buoyant. Mutiara's new projects in Bandar Sunway, Kajang and Cyberjaya in Selangor and in Butterworth, Penang, are gated communities targeting the middle-to upper-income groups. They are expected to appeal to buyers looking for a ... Read More
Rates hike over next 3-6 months unlikely
Bank Negara Malaysia is likely to pause rates again at its next meeting on Nov 12, says Senior Economist at AmResearch, Manokaran Mottain."With Bank Negara having frontloaded rate hikes in the earlier part of the year, we see greater flexibility in keeping to a neutral stance. In our opinion, there ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Lim You shouldn't give all the blame to Penang state gov. That's the vision from...Hee Chan on Boon Siew Group NOT buying land near Gurney Drive reclaimed area
- The Penang state government's planning for affordable housing is foolish! They have implemented a set...Lim on Boon Siew Group NOT buying land near Gurney Drive reclaimed area
- @chookimhock Right. It will limit the Bridgeview of those corner unit. As of seaview at...Hee Chan on New housing projects must have 1 or 2 blocks of Madani units
- @Islander I've checked out the site and The Pier will not block much of the...chookimhock on New housing projects must have 1 or 2 blocks of Madani units
- Hi any available units? ...J.koo on SITE PROGRESS: D’ Starlingtton (Sep 2024)
- Hi, would like to join the chat group too. Thank you!! ...KY on Waterside Residence
- @KC Counting from The Zen VP date to renovation and moving in (assuming own stay...Islander on New housing projects must have 1 or 2 blocks of Madani units
- No new update regarding this project since 2023? ...Joel on Sunshine Central
- @Hee Chan I will consider a penthouses unit later once checking my BMW able to...Ryu on New housing projects must have 1 or 2 blocks of Madani units
- @Islander Why only 4 mths for The Zen, mind to elaborate as it's unfair comments...KC on New housing projects must have 1 or 2 blocks of Madani units
SHOW MORE COMMENTS
Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams