Bank Negara cautions of severe property market imbalances

  • Banking
  • Wednesday, 28 Mar 2018

KUALA LUMPUR: Severe property market imbalances due to the acute oversupply of the office space and shopping complex segments, if left unchecked, can pose risks to macroeconomic and financial stability, warns Bank Negara Malaysia.

In its Financial Stability and Payment Systems Report 2017 issued on Wednesday,  it said that last year banks’ end-financing for the purchase of non-residential properties stood at RM213.4bil (2016: RM209.1il). This was an annual increase of 2.1% (2016: 6.1%).

Banking , Economy , Property , Retail