02 Jul '12, 6am

Bank Negara Measures Taking a Toll On Housing Prices

Bank Negara Measures Taking a Toll On Housing Prices

As a property investor, it makes sense to follow the developments taking place in the Bank Negara rulings on loans. The first measure after the property prices sky rocketed was in 2010 where a 70% loan to valuation (LTV) ratio was placed on individual borrowers with more than 2 existing housing loans. Bank Negara also increased capital charges on banks for housing loans which exceed 90% LTV to discourage lending above 90%. I can easily think of all the 5/95 schemes by developers like SP Setia getting affected by this ruling.

Full article: http://thefinance.sg/2012/07/02/bank-negara-measures-taki...

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