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KUALA LUMPUR: The Government plans to streamline the quota and prices of affordable homes throughout the country, said the Deputy Minister of Urban Wellbeing, Housing and Local Government, Datuk Halimah Mohamed Sadique.
KUALA LUMPUR: As the Malaysian economy is slowing, so is its housing market.
THE recent announcement by the Urban Wellbeing, Housing and Local Government Ministry to enable property developers to obtain moneylending licences, and provide up to 100% financing for homebuyers has attracted many comments and debate. The minister, Tan Sri Noh Omar said the scheme is intended to assist Malaysians who have difficulties in securing a home loan.
YOU may recall from my earlier article that was published in my column titled: “Affordable Housing: How to own it?” that the National House Buyers Association (HBA) was invited to present a paper to the Finance Ministry and we offered 10 pertinent proposals with the view towards affordable housing. This article will continue with the rest of the proposals.
SMALLISH property firm EcoFirst Consolidated Bhd has revised upwards the gross development value (GDV) of its Ampang Ukay flagship project to over RM5bil from RM3bil previously with the construction of the first phase expected to be launched in the fourth quarter of this year.