Johor asks Bank Negara to study housing needs

A file picture shows a housing project in Nusajaya, Iskandar. Abdul Latif hopes Bank Negara will remove restrictions on lending to the people.

JOHOR BARU: The Johor state government has requested Bank Negara to review housing loan policies to enable buyers own homes worth more than RM140,000 in Iskandar Malaysia.

State housing and local government executive committee chairman, Datuk Abdul Latif Bandi, said such move was needed to help developers overcome the difficulty in selling their housing projects and excess houses.