New rule to cool property speculation

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New rule to cool property speculation Nov 13, 2010 NSTP Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value. The new mortgage lending rule, which applies only to borrowers taking up a third housing loan, is meant to curb excessive investment and speculative activity in urban areas. "While Malaysia is not exp... More Latest News: Sunway in the Top 10 property developer list (May 25, 2012) WCT launches new shopping mall in Petaling Jaya (May 25, 2012) Permaju to discuss Sabah land development (May 25, 2012) PMINT invests RM400mil in Kuala Terengganu development (May 25, 2012) Rehda lobbies for RM10b annual green allocation (May 23, 2012) Related Categories: News sourced from NSTP Tags: N/A Bookmark:

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