Bank Negara urged to ease lending rules for 1st time house buyers

PETALING JAYA: There are growing calls for Bank Negara to look into easing the stringent lending policy, especially for first-time house buyers in an effort to reduce the rising number of unsold properties in the country.

While the broad cooling or macro-prudential measures imposed on the property sector should not be lifted at the moment, some industry observers and analysts opined that the central bank should give some leeway or flexibility to first-time home owners by relaxing the current stringent lending policy.