Banks aware of discounts
PETALING JAYA: Two commercial banks said they are aware of the “discounting practices” by developers and have taken the necessary mitigating measures to ensure that the end financing provided is reflective of the true value of the property purchased.
A Maybank spokesperson said: “The margin of financing will be based on the net selling price, after deducting any rebates/discounts offered by developers.”
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
