New brand: A sample of affordable homes as part of the Rumah Selangorku programme. S P Setia plans to launch such houses in Setia Alam in Shah Alam which will be priced at RM170,000 a unit with a built-up area of about 800sq ft, and RM200,000 for units with a built-up area of about 900 sq ft.
For loans where principal amount borrowed was less than RM500,000, he said, the rejection rate was 19%.
Loans between RM500,000 and RM1mil saw a 20.71% rejection rate, between RM1mil and RM3mil saw 25% loans rejected, and those over RM3mil saw 36% turned down.
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