KUALA LUMPUR – The Securities Commission Malaysia (SC) said today it is supportive of innovative ideas that tap into the transformative power of technology to democratise investments, allowing more financing options for Malaysians to buy their first homes and enhance their socio-economic well-being. In a statement today, the regulator said…
HULU LANGAT – The Employees Provident Fund (EPF) and its members will be allowed to put in their money in privately driven property crowdfunding platforms, which iss an additional financing option for first-time house buyers. Prime Minister Tun Dr Mahathir Mohamad said EPF members for example, would be allowed to…
SEMENYIH – The FundMyHome scheme allows institutions to contribute to society by assisting Malaysians to own a home, said Maybank and CIMB Group. The first-in-the-world homeownership scheme developed by EdgeProp Sdn Bhd, it allows homebuyers to pay only 20% of the price to own a home, while the balance 80%…
KUALA LUMPUR – Bank Negara will be setting up an RM1bil fund to finance the first house purchase for those with a monthly income not exceeding RM2,300. Finance Minister Lim Guan Eng said the fund would be provided from Jan 1 2019 to purchase affordable houses priced at up to…
PETALING JAYA – The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019, the…
PETALING JAYA – The government will allow the setting-up of property crowdfunding platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng today. The first exchange is expected to go live in the first quarter of 2019, after all necessary…
Main Economic Points from the Budget 2019 Federal Government Debt Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillion, which is about RM350bil higher than the amount officially disclosed by the previous government. Breakdown constitutes RM725.2bil in direct federal government debt, RM155.8 bil in committed…
KUALA LUMPUR – Pakatan Harapan government has no power to stop the sale of property under the Forest City project in Johor to foreign buyers, says Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah. “This is because the multi-billion project comes under the Johor government and is…
KUALA LUMPUR – The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP), which is currently giving a one-year window period for any person with property management experience to be registered as a property manager, expects the number of registered property managers to increase from the current 3,000 to…
KUALA LUMPUR – Over half or 56.9% of respondents in an online survey conducted by The Edge ahead of the unveiling of Budget 2019 on Friday are of the opinion that the government should not raise tax revenue to pare down national debts. Altogether 2,643 respondents took part in the…
