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Putrajaya is risking a subprime crisis if it lets developers assume the role of housing loan creditors who are allowed to charge quadruple the interest rates offered by banks, the National House Buyers Association (HBA) warned.

SkyWorld Development Sdn Bhd is expecting its latest high-rise residential development SkyLuxe on the Park @ Bukit Jalil to be fully sold within this year, said its executive director and chief operating officer Lee Chee Seng.

S P Setia Bhd’s new launches of double storey terraced homes in Precinct 17, Setia Alam have received 85% take-up over the weekend.

Eco World Development Group Bhd’s (EcoWorld) Harmoni Apartment at Eco Majestic, Semenyih, Selangor saw some 90% of 150 units booked by the end of its first day of launch today.

The highly-anticipated Sky Suites @ KLCC is now open for sale. For new registrants, you might want to try luck to visit the developer office and be on its "very long" waiting list.

With Bank Negara Malaysia (BNM) having cut the overnight policy rate (OPR) by 25 basis points to 3% from July 13, 2016, some major banks have reduced their base rates (BR) and base lending rates (BLR).

A 33-storey office block has been proposed for the open car park site in Desa Sri Hartamas located at Jalan 19/70A.

S P Setia Bhd plans to launch ViiA Residences in KL Eco City, Kuala Lumpur, by end-August at prices starting from RM1 million.

The RM650 million Pavilion Elite, featuring a retail mall and apartments, was unveiled yesterday by Urusharta Cemerlang (KL) Sdn Bhd, the developer of Pavilion Kuala Lumpur.

Buyers of Palace Court in Kuchai Lama, KL suffered a delay in the delivery of their homes and the granted Extension Of Time (EOT) will now extinguish their compensation rights, says the HBA.


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