Bank unable to‘discover’ the real price


  • Business
  • Saturday, 15 Jun 2019

THE amount of housing loans given to some buyers during the hot property years starting from 2009/2010 are more than the current prevailing price, a source from a bank says.

The difference between the loan disbursed versus current house prices is further amplified when the borrower defaults and foreclosure proceedings are initiated, the source says.

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