News by M

Maspex Penang has kicked off yesterday and will run until Oct 29 at Queensbay Mall, Penang, showcasing over 5,000 secondary properties.

Allocations for People’s Housing Programme (PPR) and 1Malaysia Civil Servants Housing (PPA1M) continue to increase.

Household delinquencies and impairment for total loans stayed low at 1.4% and 1.7%.

“The bulk of household debt was for wealth accumulation with 63% secured by properties and principal-guaranteed investments.”

The Kuala Lumpur rental index rose by 3.7% to 133.5 points.

As of June 2017, the existing stock of shopping complexes stood at 15.1 million sq m.

Growth was due to the rebound in starts for shops and serviced apartments.

The Malaysian House Price Index grew moderately to 184.1 points in 2Q2017 from 174.4 points a year ago.

Notably, the overhang in 1H2016 only rose by 28.3% in 1H16 from a year ago.

Due to continued access to housing loans, especially for first-time homebuyers.