Govt, BNM working to ease housing loan terms and conditions | Malay Mail

— The government and Bank Negara Malaysia are working to ease the terms and conditions for housing loans. — Reuters pic

Finance Minister Lim Guan Eng said the ministry would take action if it were to receive any report from developers on housing loan applications being rejected without strong justifications. He added that the ministry would forward the reports to BNM to be investigated and for the central bank to assist those affected in obtaining housing loans.

Meanwhile, in conjunction with the HOC, Lim said buyers of residential properties priced between RM300,000 and RM2.5 million would be able to enjoy stamp duty exemptions on the instrument of transfer for properties, with 100 per cent stamp duty exemption being applicable for the first RM1 million of the purchase price.

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