Banks Should Offer First-Time House Buyers Flexibility In Obtaining Loans

PETALING JAYA, March 1— The Real Estate and Housing Development Association Malaysia (REHDA) is encouraging banks to be more flexible in providing loans to first-time house buyers.

Fifty per cent of these buyers are not entitled for loans because they are unable to come up with the down payment, drew low salaries and had existing commitments.

REHDA Chairman Datuk Ng Seing Liong said first-time buyers, who were usually young professionals and fresh graduates, should be given the chance to own a house and reap the returns on their investment for the future.

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