Flat Prices Rise by 35 to 40%

Bangladesh requires 100,000 new flats annually, but realtors can supply only 8% due to affordability constraints and high mortgage interest rates. FR Khan, MD of Building Technology and Ideas (bti), suggests fixing interest rates and increasing loan-to-value ratios to improve accessibility.

JCX Developments Limited and City Bank PLC have signed a Memorandum of Understanding (MoU) to provide home financing solutions for JCX customers. The agreement reflects a shared commitment to facilitating seamless property ownership.

Trust Bank PLC has partnered with Tropical Homes Limited to offer home loan facilities for customers of both organizations. Md. Mahboob Hossain, SEVP of Trust Bank's Business Division, and M. Hoque Faishal, Director of Marketing, Sales, CSD, CRD & Land at Tropical Homes, signed the agreement on behalf of their respective organizations.

Eastern Bank PLC has partnered with JCX Developments to provide home loans for customers purchasing properties from the real estate company. The agreement was signed by M Khorshed Anowar, Deputy Managing Director of Eastern Bank, and M Muhit Hassan, Director of JCX Developments, at the bank's head office, with senior officials from both sides in attendance.

Prime Bank PLC has signed a payroll solutions agreement with Mart Promoters, a property maintenance company in Chattogram. The deal, signed by M Nazeem A Choudhury, deputy managing director of the bank, and Md Shakher Hossain, general manager of Mart Promoters, will provide seamless payroll management for the company's employees. 

Kamal Mahmud has been removed from his position as vice president-1 of the Real Estate and Housing Association of Bangladesh (REHAB) due to alleged embezzlement of Tk 1 crore and other irregularities. This decision was made during REHAB's 5th board meeting on September 23.