Is this the best way to help first-time house buyers? FOR years, developers rode the wave of brisk sales. Part of it was a vibrant market, and a growing economy. Credit was easy and abundant and the introduction of the developer interest bearing scheme (DIBS) made it easier to sell houses. But there was a…
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PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim. He…
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KUALA LUMPUR (Oct 24): The ringgit has fallen to record lows in a matter of months, falling to a 17-year low of RM4.2630 against the US dollar in August. Assuming a continued downward decline for the ringgit, what does it mean for the local real estate market? The weaker ringgit may cause property prices to…
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