News about US

SINGAPORE (Sept 22): DBS Group Research has upgraded CapitaLand Mall Trust (CMT) to “buy” from “hold”, with a marginally higher target price of S$2.

KUALA LUMPUR (Sept 22): The Malaysian Government's Public Sector Housing Financing Board said its RM4 billion Islamic bond was oversubscribed more than three times, due to its "strong credit standing.

KUALA LUMPUR (Sept 22): The opening of the RM3 billion gross development value MyTOWN Shopping Centre in Cheras is delayed from the initial target of November this year, amid headwinds faced by the shopping mall segment.

KUALA LUMPUR (Sept 21): In response to requests for an extension in the tenure of housing loans to up to 40 years, the Real Estate and Housing Developers Association (Rehda) said the current 35-year limit is more than enough.

Poh Huat Resources Holdings Bhd (Sept 20, RM1.

KUALA LUMPUR (Sept 20): A maximum loan in­terest of 6% is a fair rate for developers to charge house buyers, The Star reported Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar as saying yesterday.

Source: Bank Negara Malaysia KUALA LUMPUR (Sept 20): Bank Negara Malaysia (BNM) said today that the maximum housing loan tenure of 35 years is more than sufficient for borrowers to settle their housing loans by their retirement age.

Genting Malaysia Bhd (Sept 19, RM4.

PETALING JAYA (Sept 20): Tropicana Corp Bhd will hold a campaign for families to eat, play and bond over four consecutive weekends at four property galleries.

AS controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem? The logic is that by reducing prices, prospective buyers will be eligible to get a margin of financing that is sufficient to buy the developers’ products.