Bank Negara: No reason to ease lending conditions

  • Business
  • Wednesday, 20 Apr 2016

Dream home: Visitors at a property fair getting more information on a housing project. According to an income/affordability computation, a borrower with a mean monthly income of about RM6,000 can only afford a house of about RM350,000 and those earning about RM2,500, a RM50,000 house.

PETALING JAYA: With the overall rate of housing loan rejections being reduced from about 30% in 2014 to about 20% in 2015, there is no reason to ease lending conditions, according to Bank Negara sources.

The source said housing loans are, in fact, “robust and growing at double digits”.

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