BMI: Bank Negara to begin cutting rates in early 1H2024
BMI, a Fitch Solutions company, has maintained that Bank Negara Malaysia (BNM) will keep the overnight policy rate on hold at 3% until end-2023 and begin cutting rates early in the first half of 2024 (1H2024), alongside other major central banks including the US Federal Reserve.
Economists see OPR staying at 3% till end-2024
Most economists expect Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 3% till the end of 2024, noting that the central bank’s focus has now shifted to ensuring stable economic growth in the face of external risks such as the resumption of the US Federal Reserve’s interest rate hike and China’s credit contagion effects.
Fiamma paid RM109m for approval to develop land along Jalan Yap Kwan Seng
Fiamma Holdings Bhd said it has paid RM109.65 million for an alienation land approval to develop a 1.88-acre land along Jalan Yap Kwan Seng.
Avaland’s green homebuyers to enjoy lower interest rates from Alliance Bank
Buyers of Avaland Bhd's green-certified properties will be able to enjoy lower interest rates following the signing of a memorandum of understanding (MOU) with Alliance Bank today.
Addressing Malaysia’s sick housing project crisis from a legal perspective
Amidst the towering skyline of Malaysia's urban centres, a different kind of landscape unfolds – one of unfinished projects and shattered hopes.
SkyWorld acquires 1.3-acre land in Ho Chi Minh City for RM68m
SkyWorld Development (Vietnam) Company Ltd, a wholly owned subsidiary of SkyWorld Development Bhd, is acquiring 1.3 acres (0.53 hectare) of land in Ho Chi Minh City, Vietnam.
BNM keeps OPR at 3%, sees inflation moderating in 2H
Bank Negara Malaysia (BNM) has decided to keep the overnight policy rate (OPR) at 3%, amid robust domestic demand supported by strong labour market conditions.
Reader’s Response: Navigating discrepancies between expectation and reality in my new home
The real estate industry must recognise that building trust requires adherence to promised features. Honesty during advertising, consistent communication during construction, and stringent quality checks can serve as remedies to this situation.
High time for Act to regulate urban regeneration efforts — REHDA
The Real Estate and Housing Developers’ Association (REHDA) Malaysia welcomes the proposal by Minister of Local Government Development (KPKT), Nga Kor Ming to introduce an Act to oversee urban regeneration efforts in the country.