Knight Frank: Be stringent in evaluating borrowers

Secure investment: Sarkunan says funds’ portfolios must be reviewed regularly.

PETALING JAYA: The government’s introduction of crowdfunding platforms as an alternative home financing solution to banks, while laudable, could fuel lenient lending policies that could lead to potential subprime woes.

Knight Frank Malaysia managing director Sarkunan Subramaniam said the innovative crowdfunding platform would make property more accessible for first time house buyers that may not qualify for bank loans.