KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.
PETALING JAYA (April 4): In order to pare down the current household debt-to-gross domestic production (GDP) ratio from an “unsustainable” level of 84.
PETALING JAYA (March 28): Loans for the purchase of residential properties remain the largest component of household debt, representing 52% of total household loans, according to Bank Negara Malaysia’s (BNM) “Financial Stability and Payment Systems Report 2017” released today.
Feeling stressed out and dejected because the housing loan applications you sent out kept getting rejected? While the banks’ risk profiling and credit lending policies may vary slightly from each other, the real culprit could often be something hidden and easily overlooked.
PETALING JAYA (Dec 7): The property sector is expected to stir in 2018 as developers continue to cut prices — by 10% to 15% or more — and adjust to the reality that demand lies in mass-market affordable housing, said AmInvestment Bank in a report today.
PETALING JAYA (Oct 27): Household debt repayment capacity remains solid as at end-July 2017, underpinned by steady income growth and stable labour market conditions, according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): Residential property loans made up a larger proportion of household debt – which rose by 5.