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...

PETALING JAYA: Relive the good old day with Tropicana Corporation Bhd’s ‘Sama-Sama’ campaign, in which a host of Eat.Play.Bond-themed activities will be held in its four sales galleries.The campaign will see 20 traditional games and over 50 games as whole to be hosted for 4 consecutive...

Traffic lights in front of Aeon Big have been removed and the road is now a loop.THERE will be changes to the traffic system at Jalan Kemajuan, Subang Jaya effective 7am today.With the traffic lights in front of Aeon Big hypermarket removed, the road will be turned into a loop.Subang Jaya...

KUALA Lumpur City Hall (DBKL) will be working with Khazanah Nasional Bhd to build an underpass from Taman Tugu to Taman Botani Perdana.The project also includes constructing 1,200 parking bays in the park. Both projects will cost about RM50mil.DBKL executive director (planning) Datuk Mohd Najib...

BY S. PUSPADEVIMD Low Gay Teck told StarBiz that while they were still in initial stages of drawing out plans for the land that the club house sits on, it’s time to unlock its potential value. PETALING JAYA: Land and General Bhd (L&G), the master developer of Bandar Sri Damansara township, plans...

By MAK KUM SHIEvents, research and education are key drivers for industry progress.Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip.THE empowerment of professionals and stakeholders is crucial for driving progress in the real estate industry.In Rehda Institute’s case, its three pillars on...