http://thinkproperty.com.my/realestate/ThinkBlog.html#4420
Extract from Business Times (04/11/10)
Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value.
The new mortgage lending rule, which applies only to borrowers taking up a third housing loan, is meant to curb excessive investment and speculative activity in urban areas.
"While Malaysia is not experiencing a general property price bubble, targeted pre-emptive measures are appropriate to moderate the increases in property prices that are evident in select locations, arising from purchases that are speculative in nature.
"This measure is expected to moderate excessive investment and speculative activity in the residential property market and to ensure affordability of homes for genuine house buyers," Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said in her keynote address at the Financial Industry Conference in Kuala Lumpur yesterday.
She gave the assurance that financing facilities for the purchase of first and second homes would not be affected and that borrowers would still be able to obtain financing for these at the current loan-to-value ratio (LVR) applied by individual banks, based on their internal credit policies.
Subscribe to:
Post Comments (Atom)
RM35.71/night Only for 14 pax 🛏 During weekday with A4 package RM500/night for 14 pax, it's only cost you RM35.71/pax per night! What ...
-
I've received this from our neighbor in Nusaputra. For those who are looking for "budget catering services, you may be interested t...
-
If you having difficulty generating your PIN number, looking for more detailed information about e-filing or you want to submit manually the... -
Most readers wanted to see the current environment in Precint 1 after its 1st phase was completed in 2005. Yes, the diamond interchange has ...
No comments:
Post a Comment