Normally, when one decides to buy a home, one would normally apply for a housing or personal loan at a bank. But, one must ensure beforehand that their current financial status is stable, and free of any kind of debts. However, not counting the financial status, that is all about…
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 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%…
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…
