While the property market is expected to remain challenging in 2019, for those looking to buy a home for their own stay, it may be a good time to buy as sellers are more flexible with their asking prices while developers are offering attractive packages with freebies and other incentives.…
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…
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…
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%…
