Rehda president Datuk Seri FD Iskandar (pic) said many genuine housebuyers had problems coming up with their downpayment when financial institutions only offered financing of up to 80%.. (Real Estate and Housing Developers
PETALING JAYA: Stringent lending rules is a major factor contributing to the rise in unsold stocks in the property market, according to Real Estate and Housing Developers Association (Rehda).
Its president Datuk Seri FD Iskandar, who was revealing Rehda’s Property Industry Survey for the second half of 2016 and Market Outlook for the first half of 2017 yesterday, said end-financing remains the major problem for unsold units and loan rejection, especially for properties priced at RM700,000 and below.
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