Time to reveal statistics of successful loan applicants

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Data on loan applicants' salary range and price of median property can help educate first-time home buyers about their monthly expenditure and expectations.

When analysing Non-Performing-Loan numbers, it looks like there are very few defaulters, in terms of percentages.

In Malaysia, negative sentiment prevails currently. In fact, this slowdown in transactions began in 2013. So, what can banks do to help reduce the number of current unsold property stocks? Chan added, “We know that the number of loan defaults has not gone up over the years. As such, banks should be more receptive to the efforts of the developers and the government to help people own homes. Banks should make it easier to obtain loans.”

 

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