Malaysia has a relatively high home ownership rate but many households are also saddled with debts. – The Malaysian Insight file pic, November 28, 2019.
PUTRAJAYA should address household debt rather than urge banks to ease credit for house buyers, said the Institute for Democracy and Economic Affairs . Malaysia has a 76.3% rate of home ownership, which is relatively high compared with other countries but it is also saddled with a high rate of household debt at 82.2% of GDP, said IDEAS senior fellow Dr Carmelo Ferlito.
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