Bank Negara urged to be more flexible to buyers of properties below RM500k

Posted on: 2016-03-09


KUALA LUMPUR: Bank Negara Malaysia should be more flexible to serious home purchasers, owner occupiers and first time house buyers for properties priced below RM500,000. 

Rehda president Datuk Seri FD Iskandar said end financing remains a problem and main concern of developers. 

Based on findings from the Rehda Property Industry Survey 2H 2015, highest loan rejection has been for properties priced in the range of RM250,001 and RM700,000. 

He said developers faced a high number of unsold properties in 2015 and it was mainly because of end financing problem. 

"Today end financing is based on net income, which doesn't show other earnings such as overtime. Banks should look at things case by case. What we are asking for is engagement. Today the whole world is facing a climate they have never seen. 

"There must be some form of impetus. If the banks keep saying no then where will growth come from? Bank Negara should re-look their policies," he said at a media briefing here, this morning.


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Source From: NST

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