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THERE are many ways to stabilise the residential property market and the latest measure by the Government to curb bulk buying is a step in the right direction to ensure a more equitable market that is led by real demand.
WHEN it comes to buying and selling shares on Bursa Malaysia, there are laws that prohibit the use of inside information to execute a trade. Investors will get the book thrown at them if proven they are creating a false market, which is essentially manipulating a particular counter.
WHEN the measures with regards the property sector were unveiled in the Oct 25 budget, developers and house buyers viewed them with confusion.
Petaling Jaya: Property sources said Bank Negara’s new circular which bans interest capitalisation schemes (ICS) is not an attempt to fine-tune the measures proposed for the property sector under Budget 2014 but is merely “a guide for banks” when they finance house purchases.
KUALA LUMPUR: The government will not allow the use of Interest Capitalisation Scheme or any other permutation to approve housing development licence, place advertisements and obtain sales permit by any housing developer.
KUALA LUMPUR: The Government will take initiatives to provide more affordable homes for the low and middle income as well as subsidies to developers who build homes targeted to the groups.