‘New OPR will have little impact’

  • Nation
  • Friday, 11 Jul 2014

PETALING JAYA: An increase of 0.25% in the overnight policy rate (OPR) will not have a significant impact on borrowers for low-cost and affordable housing priced between RM45,000 and RM450,000, according to a senior executive of a real estate agency.

VPC Realtors (KL) Sdn Bhd director James Wong said there would only be an estimated marginal increase of RM5 to RM53 per month in loan repayment compared to the previous interest rate for a 30-year tenure with a 20:80 margin (see chart).

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Property , OPR , BLR , mortgage , property prices , interest hike


Next In Nation

King takes part in PSD-organised golf tourney
Man drowns near Pasir Bogak Beach in Pangkor
PM congratulates Sultan of Kelantan on 54th birthday
Floods: Situation in Kedah improving, only three relief centres still open
Male tiger captured in Pos Bihai
Cops looking for vehicle involved in deadly crash that killed one teen, injured another
Only Najib can pull back support of grassroots for Umno, says Isham Jalil
Shafee says Najib seeking pardon as defence team not given chance to prepare
Pakatan-BN waiting for more info before deciding on election petition in S'gor, says MB
Selangor MB Amirudin downplays talk of getting Cabinet position

Others Also Read