KUALA LUMPUR: The government’s move to allow property developers to provide up to 100% financing to their buyers is a positive surprise as it is an additional option for the developers to boost sales, says CIMB Equities Research.
The licence is regulated under the Moneylenders Act 1951 and Pawnbrokers Act 1972, and does not involve Bank Negara. Developers with the licence are allowed to provide 100% or just the portion not covered by bank loans.
To read the full article, you can visit Immediate Impact From Property Developers’ Financing Nod Small
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