KUALA LUMPUR, Dec 14 — Malaysians are finding it increasingly harder to get housing loans as banks have less money available to lend out, financial expert Gary Chua said today. Chua, who heads financial education firm Smart Financing, said the housing loan approval rate, which was at least 65 per cent about seven years ago, …
Financial expert: Tougher to get housing loans as bank funds dry up Read More »
 A mansion outside Paris has fetched a world record price of more than 275 million euros ($419 million), two people with knowledge of the matter said. Chateau Louis XIV was sold to a Middle Eastern buyer, the people said, asking not to be named because the sale is private. Christie’s International Real Estate was involved in …
Paris mansion said to have sold for world record $419 million Read More »
A new kind of dieases in Property Industry. It’s called the “Zombie Investors” diease, found largely in bulk purchases organised by a group or a property investment club (“PIC”).
Permodalan Nasional Bhd (PNB) has awarded the contract to build Menara Wawasan or also known as Menara KL118 here to the joint venture of South Korea’s Samsung C&T and UEM Group Bhd. PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said: “The contract is worth about RM3.4bil”. He was speaking …
Despite an influx of office space in Kuala Lumpur over the next three years, several new and operating multinational companies in Malaysia have shown strong commitment to expand their offices across the city. Tech giant Google Malaysia has signed up 54,000 sq ft in a new office tower called 1 Sentrum. The Google Inc.’s local …
Google Expands In Malaysia, New Office Will Be 5 Times Larger Than Current Office Read More »
In West Malaysia, most property developers practice the “sell then build” model, whereby the developers offer the property for sale to public before completion or during the construction of the property. The sale and purchase of property under construction is regulated by the Housing Development (Control and Licensing) Act 1966 (“HDA”) if it is for …
