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Business

Prime Minister launches 1Malaysia Housing Programme phase one

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak today launched phase one of the 1Malaysia Housing Programme (PR1MA) which involves the construction of 42,000 houses on 20 strategic sites.

Business

New Economic Model’s greatest challenge yet

PETALING JAYA: Although the New Economic Model (NEM) launched by Prime Minister Datuk Seri Najib Tun Razak is the right step towards achieving Malaysia's high-income nation aspirations, its greatest challenge yet is the political will of the Government to see it through, according to a new study by a local think tank.

Business

Measures proposed to prop up housing sector

THE Government has announced a slew of measures related to the property sector. While the real property gains tax (RPGT) was uppermost on the minds of both developers, consultants and property buyers, Prime Minister Datuk Seri Najib Tun Razak also proposed other measures to keep the momentum going for the sector.

Business

Bandar Ainsdale project in Seremban to kick off affordable housing scheme

SIME Darby Property Bhd will be offering affordable housing in the coming years as a stategic component in their up-and-coming townships in line with market needs and to complement the government's affordable-housing scheme.

Business

Malaysia-Market factors to watch Dec 13

KUALA LUMPUR: Following is a list of events in Malaysia as well as news stories and press reports which mayinfluence financial markets.

Business

Moderately-priced houses in trend

THE trend of developing residential properties priced between RM200,000 and RM400,000 is picking up in Penang, a state where property prices are second highest in the country after Kuala Lumpur.

Business

Tighter screening of loans

THE local property sector is expected to see some “cooling down” in the number of transactions this year following the implementation of the responsible lending guidelines by Bank Negara on Jan 1.

Business

Property transactions up 14.3% to 430,403 last year

KUALA LUMPUR: Property market activities registered the highest increase in five years, recording a 14.3 per cent increase in transactions to 430,403 and a 28.3 per cent rise in value to RM137.8 billion last year.

Business

Driving home a few points

THREE years after the spike in property prices, a roundtable discussion was finally held with the guest-of-honour being the Housing and Local Government Minister Datuk Seri Chor Chee Heung.

Business

Addressing the rising home price conundrum

THE rising cost of housing has become a phenomenon in many countries, causing enormous social concerns particularly for the lower and middle income groups.