Sunny skies, tasty food and cheap hip replacements – the Southeast Asian country is a haven for elderly expats. But for many Chinese, the financial climate is as important as the favourable weather. Iggy Ignatius needs little time to chew it over when asked what his favourite thing about Malaysia is. “We like the food here,”…
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Government proposes to cut housing loan interest rates A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said,…
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Economic statistics show that there is no looming real estate bubble in Malaysia this year, assured CBRE-WTW Managing Director Foo Gee Jen. “We will not have a ‘bubble situation’ as we strongly believe that the fundamentals are still there,” he said after presenting his firm’s 2018 Asia Pacific Real Estate Market Outlook on Wednesday (17…
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Before they decide to buy a property – whether it is a house, condominium, apartment or shop – Malaysians tend to consider many factors that may be considered to be ‘non-scientific’ or even ‘superstitious’. Within the Malaysian property context, factors like the property’s feng shui – its location at a ‘T’ junction, its location below the road…
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A market review on building materials within the construction sector showed that prices of the four-most utilised materials – namely, cement, steel, sand and ready-mixed concrete – are not the main cause of the rising housing cost in Malaysia. Conducted by the Malaysia Competition Commission (MyCC), the review was made amid the concerns raised by…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.