MM2H applicants down by half
SOURCE: MM2H THE number of applicants for the Malaysia My Second Home (MM2H) scheme had decreased by almost half last year from the previous year, according to statistics available on the MM2H website.
‘Mortgage rejection rates not as high as 50%’
KUALA LUMPUR (April 8): Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Abdul Farid Alias (pictured), who is also chairman of the Association of Banks Malaysia (ABM), refuted claims that the rejection rate of housing loans has soared above 50% among the banks.
IGB REIT’s fall seen as knee-jerk reaction
KUALA LUMPUR (April 6): IGB Real Estate Investment Trust (IGB REIT) closed in negative territory yesterday on a knee-jerk reaction from investors to news that one of its properties here was involved explosions.
Sunway invests RM875m to expand hospitality unit
PETALING JAYA (April 1): Sunway Hotels & Resorts, the hospitality arm of property-construction conglomerate Sunway Group, will invest RM875 million to facilitate the redevelopment and expansion of its hotels across Malaysia, Cambodia and Vietnam.
Opportunities in a soft market
THE outlook for Malaysia’s property market may not be bright at the moment but JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured) thinks pockets of opportunities can be found if you know where to look.
EcoWorld confident with RM4b sales target for FY2016
SHAH ALAM (March 26): Eco World Development Group Bhd (EcoWorld) is confident of achieving its RM4 billion sales target for its financial year ending October 2016.
2015 household debt stays elevated
KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.
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Najib: China Railway's RM8b hub at 1MDB's Bandar Malaysia to boost economy
KUALA LUMPUR (March 21): Prime Minister Datuk Seri Najib Tun Razak said that China Railway Group Ltd's planned US$2 billion (RM8.
26% of Malaysian UHNWIs consider leaving Malaysia
KUALA LUMPUR (March 15): About 26% of Malaysian ultra high net worth individuals (UHNWIs) are considering changing domiciles – the second highest rate in the world after China, at slightly over 30% – said Knight Frank Malaysia managing director Sarkunan Subramaniam.
PAM urges higher passing rate for architecture courses
KUALA LUMPUR (March 14): The Malaysian Institute of Architects (PAM) president Mohd Zulhemlee urged the authorities to raise the passing rate of professional architecture courses to solve the shortage of architects.
