Bank Negara FSC: Access to house financing sustained

The turnaround plan is to help PR1MA make good its obligations, or a

KUALA LUMPUR: Access to house financing, particularly for first-time buyers of affordable houses, has been sustained with approval rates at 73%, according to Bank Negara Malaysia's Financial Stability Committee (FSC).

It said on Wednesday the FSC would also continue to monitor the oversupply in the high-end high-rise residential property, office space and shopping complex segments.

 Banks were also cautious in lending to these segments, it said in its financial stability statement.