malaysian property Tag

This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for theRead More

Posted On October 12, 2017By BlackbeardIn News

Here’s Why Malaysians Can’t Afford a House

Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central bank has resisted calls to loosen mortgage lending, instead saying the property industry should boost efforts to cut costs and accelerate supply. Rising home prices have added to the grievancesRead More
IT is time to ease some of the restrictions imposed on the property sector as speculative activity has lessened significantly in the past few years, says Datuk Soam Heng Choon, deputy president of the Real Estate and Housing Developers’ Association (Rehda). “Since the implementation of the banking restrictions, the property market has undergone a consolidation process. Therefore, it is the right time to ease the restrictions, given that it is a now a buyer’s market and there is hardly any speculative activity at present,” he says. As to what shouldRead More

Posted On April 21, 2017By HoudiniIn News

Time to target the Malay market, says Ahyat Ishak

KELANA JAYA (April 20): Property developers need to take a relook at their marketing strategies to target the Malay consumers better, said seasoned property investor Ahyat Ishak. “The only way for the [property] market to move to the next level, is for the Malay market to be fully activated. The Malay market has not been made fully aware about property investment, even now. “But the Malay market is a huge market and developers who have targeted that market are doing very well,” he said during the Real Estate and HousingRead More
KUALA LUMPUR: Property developers have warned that home prices may rise following the government’s recent move to slap a safeguard duty on the import of certain steel products for three years. If the safeguard duty leads to a rise in steel prices, Real Estate and Property Developers’ Association (Rehda) president Datuk Seri FD Iskandar Mohamed Mansor said they will have no choice but to pass on the extra costs to homebuyers. While the intention of the safeguard duty is to protect the local steel industry, the move is not goodRead More
KAJANG (April 18): The property market continued its softening streak in 2016, with an 11.5% decline in transaction volume and 3% drop in value, according to the latest Property Market 2016 report published by the Ministry of Finance’s Valuation and Property Services Department. Overall property transaction volume dropped to 320,425 in 2016 from 362,105 in 2015, while overall transaction value dropped by 3% to RM145.41 billion from RM149.96 billion, data from the report showed. “I must emphasise that this is a pertinent issue that must be addressed by all parties,Read More
KUALA LUMPUR: While the number of properties going under the hammer has slowed over the past few years, a closer look showed that the total value of these auctioned properties actually increased in 2016, indicating an increase in higher-value properties that go to auction. According to data compiled by auction website LelongTips.com.my, the total value of auctioned property listings on the website jumped 29% to RM10.76 billion last year from RM8.33 billion in 2015. The figure was RM8.2 billion in 2014. A back-of-the-envelope calculation showed that the average value perRead More
KUALA LUMPUR (April 10): The property sector is envisaged to remain sluggish this year, checked by depressed consumer sentiment and selective lending by banks, said RAM Rating Services Bhd. As such, transaction volumes are likely to stay muted, it added. “Nonetheless, the availability of affordable housing has been gathering momentum. Depending on the speed of the roll-out of homes under the 1Malaysia People’s Housing Programme (PR1MA), RAM estimates that the new, more accessible end-financing scheme for PR1MA units could contribute about 1–2 percentage points to the banking system’s overall loan growthRead More
KUALA LUMPUR, Oct 18 — As academics and economists continue to warn policymakers of an imminent housing crisis should they fail to address the grave mismatch in supply-and-demand in affordable housing, complaints persist that the entire housing industry has yet to respond to accordingly. Private developers continue to focus on building homes most Malaysians can’t afford; last month the Real Estate and Housing Developers’ Association Malaysia (Rehda) showed close to half (49 per cent) of their new launches for 2016 were those priced above RM500,000 compared to 37 per centRead More
KUALA LUMPUR (March 27): The home ownership rate among millennials in Malaysia is expected to rise in the next five years. “More people in this group will be more willing to buy houses in the outskirt areas with improved infrastructure going forward,” said HSBC Bank Malaysia Bhd (HSBC) head of retail banking and wealth management Lim Eng Seong (pictured) in a briefing on the results of a global home ownership study commissioned by HSBC Holdings Plc, today. According to the study called “Beyond the Bricks”, 35% of 1,000 Malaysian millennialsRead More