The Edge, Photo Credit to The Edge
clock 02-03-2019
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Loans Access Issues Must Be Addressed to Help First-Time House Buyers

Issues related to loans and access to financing must be addressed to help first-time house buyers purchase their dream properties, says local property developer, Sunsuria Bhd.

Chairman Tan Sri Ter Leong Yap said he hoped banks could be more amenable towards providing loans to both property buyers, as well as land owners and property developers.

"Obviously at this juncture, a lot of end-financing is being rejected. I can understand why banks have to do so. But, we hope, banks will also be more lenient in terms of providing the loans," he said in a recent interview with Bernama.

Ter said discussions between stakeholders in the property sector, commercial banks and Bank Negara Malaysia to resolve this issue were on-going.

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