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GEORGE TOWN: The Penang Chinese Chamber of Commerce (PCCC) wants Bank Negara Malaysia (BNM) to ease lending measures affecting the property sector, particularly loans for the affordable housing segment.
KUALA LUMPUR: The cooling measures announced in several states in Australia to curb speculation by foreign property buyers is expected to dampen buyers’ sentiment in the short term.
KUALA LUMPUR: Savills Rahim & Co founder and executive chairman Datuk Abdul Rahim Rahman has refuted developers’ claims that the various measures proposed under Budget 2014 would “dampen” or “kill off” demand, proposing increasing the stamp duty on the purchase of third and subsequent properties instead.
KUALA LUMPUR: There is no need for Malaysia to rush into implementing capital control measures to deal with the current flow of hot money into the country, says Malaysian Institute of Economic Research (Mier) executive director Dr Zakariah Abdul Rashid.