According to the 4th quarter 2017 data by National Property Information Centre (NAPIC), only 39% of new housing launches were priced up to RM300,000 over the years 2016-2017. This is insufficient to cater to the demand by 50% of households in Malaysia earning up to the median income.READ MORE
The level of housing loan approval rates for houses costing below RM500K have remained stable over the past few years at above 70%.READ MORE
Claim: Loan tenure should be increased so that it becomes more affordable, and access to financing is improved.READ MORE
Implementation of Responsible Financing Guidelines contributed to reduced access to financing.
Claim: The Malaysia Automotive Institute (MAI) CEO Datuk Madani Sahari said while the number of car booking remains high, the loan rejection rate is also high at 60%, affecting the overall car sales.READ MORE