new housing project in Cheras area
KUALA LUMPUR: The biggest problem for house buyers is not the maximum 35-year loan repayment period but the lack of affordable homes, says Bank Negara Malaysia (BNM).
The central bank was responding to a media report calling for it to extend its loan repayment period for homes from 35 years to 40 years. BNM said the extra five years would do little to ease the burden for borrowers.
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