Daily Industry News Update (28 December 2020)


The pros and cons of Rent-to-Own schemes

Under Budget 2021, it was announced that the government would work with selected financial institutions to provide a Rent-to-Own (RTO) scheme for 5,000 PR1MA homes at a total value of RM1 billion, especially for first-time homebuyers.  The proposed scheme has…

PR1MA target in sight

The Housing and Local Government Ministry is able to meet its target of building 100,000 units of houses per year under the IMalaysia People’s Housing Programme (PRIMA), says its minister Zuraida Kamaruddin. She said 55,000 units were built under the scheme this year

‘REITs will be on recovery path for next 12 to 18 months’

Malaysia’s real estate investment trusts (REITs) has been projected to be on a recovery path for the next 12 to 18 months, particularly IGB REIT and Sunway REIT. In Amlnvestment Bank Bhd’s (Amlnvestment Bank) view, the worst is over for REITs.  “For the next 12 to 18 months…

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