Ministry seeks to relax housing loan rules


Future landscape: Zuraida listening to an explanation by Leong at the launch of Sensa Residence.

KUALA LUMPUR: The Housing and Local Government Ministry is talking to the Finance Ministry and Bank Negara Malaysia on relaxing housing loan guidelines for first-time house buyers, says its minister.

Zuraida Kamaruddin said the current rejection rate of home loan applications was impacting sales in the primary and secondary markets.

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