Bank Negara Malaysia announces on 5/7/2013 evening, the implementation of a set of measures aimed at avoiding excessive household indebtedness and to reinforce responsible lending practices by key credit providers. These measures, which take effect immediately, complements the earlier measures introduced since 2010 to promote a sound and sustainable household sector. The measures are:
1. Maximum tenure of 10 years for financing extended for personal use; 2. Maximum tenure of 35 years for financing granted for the purchase of residential and non-residential properties; 3. Prohibition on the offering of pre-approved personal financing products.
The limits on financing tenure will not affect applications made before today.
Ya Micheal. Sometimes I pity those young people who just cannot even to afford to buy a house costing 300K and below. I feel it;s sinful for speculators to just jack up the prices.
why blame it on speculator...I see this as the problem of our country not moving fast enough to build a high income nation. Are we not better than singaporean? Most Malaysia went out to singapore to work and why are we in Malaysia maintaining the low wages delivering the same or better quality than singapore?
how often do you see HR in Malaysia protecting the interest of their employee in Malaysia compared to Singapore. I am talking about within the same company different physical location as in Malaysia and Singapore. Even benefits are double standard.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
karipap
471 posts
Posted by karipap > 2013-07-03 21:56 | Report Abuse
oooo.....tp rm1 tomorrow....bye bye