Mammoth Empire Holding Sdn Bhd (MEH), developer of Empire City Damansara, an RM5 billion project launched 2011, is making moves that will raise RM800 million, enable the paring down of debts, complete long-delayed projects and take the group to sound financial-footing by the middle of 2019. At the top of…
PETALING JAYA — Property developer Paramount Property is set to launch the commercial component of its Atwater development, which comprises two office towers and a retail component by the end of this month. Atwater is a mixed development located at Jalan Universiti, Section 13 in Petaling Jaya. The project’s residential…
KUALA LUMPUR — Property developer Datuk Tan Eng Boon pleaded not guilty to bribing former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor and abetting him five years ago. Tan, 70, was accused at the Sessions Court here today (Nov 15) of giving Tengku Adnan, 68, RM1mil via a…
KUALA LUMPUR — EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong said the FundMyHome platform, which provides an alternative form of financing for first-time homebuyers, will not lead to a subprime crisis and would in fact have the reverse effect. At a media question and answer session earlier today, Tong…
With Malaysia’s median household income of RM5,228 in 2016, RM188,208 should be the maximum affordable house price, when utilising Demographia International’s Median Multiple (MM) method in which homes are considered affordable only if it is less than three times the household median annual income. This is a level which Malaysia…
KUALA LUMPUR — The stamp duty waiver on the instrument of transfer for first time home buyers announced in Budget 2019 will provide a boost to the current slow housing market, said Knight Frank Malaysia managing director Sarkunan Subramaniam. “The exemptions and initiatives, in particular the waiver of stamp duty…
THE purpose of this article is to provide some pointers and guidelines to a purchaser who wishes to appoint his own solicitor when buying a housing accommodation from a housing developer. Housing developer may no longer advertise free legal fees. It is common for a purchaser to be attracted to…
It is believed that Najib Razak signed several unfair agreements with Singapore’s Lee Hsien Loong, like building the Singapore-Malaysia High Speed Rail when the country was in a trillion RM debt and a grossly under-priced water sale agreement, in exchange for Singapore banks’ assistance in money laundering 1MDB’s billions. If…
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…
