Illustration (AI-generated)Bank Negara Malaysia may raise the Overnight Policy Rate by 25 basis points to 3.00% in Q1 2027. This could lead to higher borrowing costs for homebuyers and existing mortgage holders. The prediction was made by Juwai IQI. The potential rate hike may occur in the first quarter of next year.
Illustration (AI-generated)Malaysian home improvement industry leaders are urging homeowners to verify contractor registrations and obtain necessary approvals. They warn that not doing so could lead to financial losses and safety risks. The recommendations come from four industry associations. They highlighted concerns over unregistered renovation contractors.
Illustration (AI-generated)
Illustration (AI-generated)
Illustration (AI-generated)An expert suggests the minimum wage review should consider more than basic living costs. The goal is to enable workers to save and own homes.
Housing Minister Nga Kor Ming announced that KPKT has resolved 1,647 abandoned housing projects. The projects were worth RM153 billion.
