Developers will be able to be able to retrieve 80% of the 3% developer's deposit after the Certification of Completion (CCC) is obtained.
Malaysia’s property transactions declined both in volume and value in the first nine months of this year.
There has been a significant decrease in new project launches from 9,938 units in 2H2015 to 7,172 units in 1H2016 while sales have dipped from 52% in 2H2015 to 39% in 1H2016, said Real Estate and Housing Developers’ Association (REHDA) president Datuk Seri Fateh Iskandar Mohamed Mansor in his presentation of the Rehda property industry survey 1H2016 to the media today.
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.
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.
REAL estate investors usually have two main considerations — rental yields and capital appreciation.
Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
As the global economic outlook turns gloomier, economists opine that Bank Negara Malaysia (BNM) may have to opt for an interest rate cut to stimulate domestic growth.
The Malaysian property market is expected to see higher sales transactions in the next one to two years fuelled by improved economic conditions and higher demand for properties, said Managing Director and Chief Executive Officer of iProperty Group Georg Chmiel.
Malaysian property market transaction volume shrank 5.7% to 362,105 in 2015 from 384,060 in 2014, according to the latest 2015 property market report.