Jagdeep (centre), Malaysian Institute of Estate Agents (Penang branch) chairman Mark Saw (on Jagdeep’s left) and other officials posing for a photo after the press conference at Komtar, George Town.THE Malaysian Secondary Property Exhibition (Maspex) returns for the fourth year.This year, the...

PETALING JAYA: Property group LBS Bina Group Bhd continues to focus on affordable properties on its upcoming launches.LBS managing director Tan Sri Lim Hock San said on a media briefing last week that LBS will be actively launching more affordable housing up until next year, adding that most of...

BY S. PUSPADEVIIoT-ready project: Madius (second from right) at the press conference after the strategic partnership signing ceremony. With him are (from left) Eu, Lim and Chee SiongSHAH ALAM: Property developer I-Bhd has tied up with Huawei, a leading information and communications technology...

PETALING JAYA: Infrastructure jobs awarded during the first half of 2016 amounted to RM30bil, exceeding the value of jobs given out in 2015 at RM26bil.Maybank Investment Bank (IB) Research said the RM30bil, according to statistics from the Construction Industry Development Board, included about...

BY THEAN LEE CHENGPETALING JAYA: It is “too challenging” for private developers to build affordable houses when land price is so expensive and development costs have spiked.“If the Government wants developers to build more affordable housing, give us cheaper premiums or don’t charge at...

Home sweet home: The lack of affordable homes is the biggest problem, says Bank Negara.KUALA LUMPUR: The biggest problem for house buyers is not the maximum 35-year loan repayment period but the lack of affordable homes, says Bank Negara Malaysia (BNM).The central bank was responding to a media...

By Lee Yan LiPETALING JAYA: As house prices are likely to remain relatively stable, industry players urged the government to take a holistic approach to ensure homeownership for the younger generation.Mah Sing chief executive officer Ho Hon Sang suggested increasing the percentage of the Account 2...

MASS Rapid Transit Corporation Sdn Bhd (MRT Corp) has awarded the automatic fare collection (AFC) work package for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line to Indra Sistemas and Rasma Corporation Consortium.The consortium is made up of the Spanish public-listed multinational consulting and...

BY JOSEPH CHINBank Negara: "The implementation of BNM’s responsible financing guidelines serves to protect individuals’ interests."KUALA LUMPUR: Bank Negara Malaysia (BNM) says the maximum housing loan tenure of 35 years is more than sufficient for borrowers to settle their housing loans by...

PUTRAJAYA: A maximum loan in­terest of 6% is considered fair rate for developers to charge house buyers.“We are still getting feedback to look on what is the acceptable rate. But roughly, based on early feedback, I think developers should impose up to 6% interest rate only,” said Urban...