Feeling the heat: Although the ban on DIBS is not a surprise, Bank Negara's new rule to use the net selling price to calculate loan eligibility is viewed negatively by analysts.
PETALING JAYA: A new circular from the central bank that took effect last Friday will pile more pressure on an already hard-hit property sector, even if its merits are likely to be felt in the long-term, analysts and industry executives said.
In a bid to make the property market sustainable, the new rules have put the brakes on interest capitalisation schemes (ICS) and the developer interest-bearing scheme (DIBS).
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