Many are unable to get housing loans despite the high number of unsold properties.
Malaysian Institute of Professional Estate Agents and Consultants deputy president See Kok Loong told FMT that banks were very strict in approval of loans. This follows news last month of a woman who claimed she had applied for a housing loan 15 times over the last 10 years. “It’s hard to get a loan, especially when you’ve just started working. I ended up not applying anymore,” she said.
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