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KL banks deny being tightfisted with home buyers

Amid housing supply-demand mismatch, they point out that in the year to August, 7 out of 10 loans were to first-time home buyers under the affordable homes category

Tue, Oct 10, 2017 - 5:50 AM

Pauline Ngbtworld@sph.com.sg

Developers have said that stringent lending is a major stumbling block to improved sales in the current soft market environment in Malaysia.

BLOOMBERG FILE PHOTO

Kuala Lumpur

IN the continuing dispute over the accessibility of home loans in Malaysia, the country's commercial banks say more than RM42 billion (S$13.5 billion) worth of housing loans were approved in the year to end August, and that seven out of 10 loans were to first-time home buyers...