The Association of Banks in Malaysia (ABM) said the approval rate for housing loans in 2016 is high at 73.8%.
In a press release today, the association clarified that the different statistics on housing loan rejection rates as reported by the banks and developers may be due to differing statistical approaches used by each industry.
“For banks, the approval rate in 2016 is high at 73.8%. The approval rate takes into account housing loans approved by banks and accepted by the borrowers as well as housing loans approved by banks but subsequently cancelled by the borrowers. Banks also generally do not include applications with incomplete documents when calculating the approval or rejection rate,” the statement read.
Housing loans approval rate in 2016 is high at 73.8%
Dear homeowners, please take care of your property
You think the property you’re residing in is safe? Are you sure? According to Anthony Lee Tee, Architect Centre accredited building inspector and trainer, homeowners should equip themselves with more information and knowledge to ensure the safety of their own homes.
“Owners should get involved with their own properties. We find that many people are apathetic and [have this] ‘tidak apa’ (could not care less) attitude towards running and caring for their homes.
“Statistics from Suruhanjaya Tenaga (Energy Commission) show that many people are injured or have lost their lives due to shoddy electrical wiring at home and at work. [It is crucial to] engage qualified electricians for such things.
Mah Sing to launch its first RUMAWIP project
Mah Sing Group Bhd (Mah Sing) will be launching its first RUMAWIP project — Residensi Seri Wahyu in Taman Wahyu, Kuala Lumpur on March 29.
The event will be held in Lakeville Residence Sales Gallery from 8am to 6pm that day, the developer said in a press release today.