KUALA LUMPUR: Bank Negara is opening up the RM1bil fund for affordable housing, introduced in January this year, to a bigger group of first-time home buyers. From Sept 1 onwards, the scheme will be opened to buyers with a maximum monthly household income of up to RM4,360. Previously, the eligibility was capped at household earnings …
Maybank HouzKEY now available for Berjaya Land’s The Tropika
KUALA LUMPUR (Aug 19): Berjaya Land Bhd (through its subsidiary company Berjaya Golf Resort Bhd) is partnering Maybank Islamic Bhd (Maybank) to offer its HouzKEY home financing solution for the developer’s latest development The Tropika, Bukit Jalil. The 6.5-acre freehold The Tropika is a unique nature-inspired mixed development comprising residential and commercial components that combine …
Bugged by protests, more Hong Kong folk are interested in MM2H
KUALA LUMPUR (Aug 21): Property consultants have revealed that interest in the Malaysia My Second Home (MM2H) programme has increased significantly from Hong Kong residents this year. And this is due to the long running protests that have been going on for more than 10 weeks in the territory, reported Reuters yesterday. The international news …
Property management: Ask the experts – Strata titles; by-laws and house rules
Q: All the units in our strata development do not have strata titles after 15 years. Can the Management Corporation (MC) help the owners get the strata titles? Pursuant to the Strata Titles Act 1985 (STA), the original proprietor (i.e. the developer) of the land shall be responsible for applying for the individual strata titles. …
Housing and Local Government Ministry to announce more easy homeownership schemes soon
PUTRAJAYA (July 24): More easy homeownership schemes for first-time homebuyers including rent-to-own schemes are expected to be ready in September. In a press conference after a FundMyHome+DepositKu scheme event today, Housing and Local Government (KPKT) Minister Zuraida Kamaruddin said the ministry is currently finalising the schemes. “We are now in the process of finalising a few …
Double Storey Taman Desa Restu Bandar Baru Salak Tinggi
FREEHOLD MALAY RESERVED PROGRESS 80% SIAP, COMPLETION DATE DEC 2019. Teres 2 Tingkat, Taman Desa Restu, Bandar Baru Salak Tinggi Jangan lepaskan peluang untuk memiliki rumah hakmilik Kekal / Freehold di kawasan yang strategik berdekatan KLIA/KLIA2, Kota Warisan, Putrajaya, Cyberjaya & Nilai. Status hakmilik Kekal / Freehold yang terhad di kawasan yang majoriti Pajakan / …
BNM maintains OPR at 3% as growth projection subject to downside risk
KUALA LUMPUR (July 9): Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) has at its meeting today decided to maintain the overnight policy rate (OPR) at 3%. At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity, the central bank said. In a statement today, BNM …
Bukit Jalil: One of the top searched areas in 2019
Situated at the southern edge of Kuala Lumpur’s central core – and sandwiched between the districts of Cheras and Puchong – is the suburb of Bukit Jalil. Having been raised from a 1,800-acre rubber plantation to host the 16th Commonwealth Games in 1998, this compact neighbourhood now includes a manicured recreational park, a sprawling golf …
Strata title resolves ownership issues
For some homeowners, having a strata title bears little significance. They may not see the necessity to perfect the transfer (issue the strata title in his name) due to the legal fees and stamp duties incurred from that process. These homeowners, however, will be in for a frustrating time once they attempt to sell the …
Knight Frank is exclusive agent for Western Digital’s PJ manufacturing sites
PETALING JAYA (June 11): Knight Frank Malaysia has been appointed the exclusive agent by Western Digital to market the latter’s hard disk drive (HDD) assembly facilities in Sungai Way Free Trade Industrial Zone (FIZ), Petaling Jaya, Selangor. In a statement today, Knight Frank Malaysia capital markets executive director Allan Sim said the Western Digital plants …
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