The new government’s recent rhetoric on housing loan requirements being too strict for first-time homebuyers suggests that banks can expect some changes or new guidelines on the matter.
Two weeks ago, Prime Minister Tun Dr Mahathir Mohamad said the government would review current lending terms for housing loans and look at introducing a mechanism to enable young Malaysians to buy their first home.
“We found that banks are too strict with housing loans and this makes it difficult for people to own a house,” he told reporters.
