As an alternative, first-time home-buyers should look into the secondary market with properties there more affordable, says the Finance Ministry.
Director-General of Valuation and Property Services Dr Rahah Ismail said the primary market pricing is usually inflated, due to freebies and rebates, and there is a higher chance for loan eligibility in the secondary market.
“When the price is inflated and first-time buyers apply for house loans, they are usually ineligible, as salaries would not have reached the intended bracket,” she told reporters at the 10th Malaysian Property Summit 2017 here Thursday.
To read the full article, please visit Finance Ministry: Secondary Market A Good Option For First-Time Homebuyers
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