KUALA LUMPUR, Oct 6 (Bernama) — Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar’s proposal for housing developers to be given moneylending licences to offer loans to non-bankable house buyers has drawn much debate as to its viability.
If house buyers, especially the first-timers, cannot get a normal bank loan at an interest rate of between four and six per cent, how can they be eligible for a loan from the housing developer at an interest rate of anything from 12 to 18 per cent?
To read the full article, please visit Affordable Housing: Can Property Prices Be Controlled?
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