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KUALA LUMPUR: Fitch Ratings has cautioned that the Malaysian government's decision to grant lending licences to property developers could add to the risks associated with rising household debt.
RESEARCH analysts and property consultants say the Government’s move to give full autonomy to property developers to provide 100% financing, or just a portion of it, has far-reaching implications on the property and the banking/lending sectors and the overall economy over the longer term.
PETALING JAYA: The Urban Wellbeing, Housing and Local Government Ministry is mulling a proposal for housing developers to be issued a money lending licence to help non-bankable house buyers and overcome downpayment issues.
THE slowdown in the local property market saw loans approved to the sector last year drop marginally.
KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) will work closely with the Ministry of Housing and Infrastructure to make housing more affordable.