Monday September 6, 2010

No to 80% mortgage cap on housing

Several groups are up in arms over a proposal to cut housing loans by 10% from the current cap of 90%, saying that the move will only discourage Malaysians from buying houses. National House Buyer’s Association (HBA) and Federation of Malaysian Consumers Associations (Fomca) cautioned that the proposed home loan reduction to 80% would only be a burden to potential house buyers.

Bursa Malaysia Summary

Composite: 1438.86 (3.19) (0.22%)
Industrial: 2760.28 (-6.06) (-0.22%)
Volume: 1226187 lots
Gainers: 242
Losers: 227
Unchanged: 174
Last Updated: Monday, September 06 2010  9:30 am
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