Announcement on loan-to-value ratio for properties very soon
KUALA LUMPUR: BANK Negara is expected to make an announcement on the loan-to-value ratio for mortgages very soon, according to a source.
“Genuine home buyers need not worry as it will most likely be implemented on buyers making their third and subsequent house purchases, and be confined to specific locations and prices.
“These are only pre-emptive measures as currently there is no property bubble,” said the source, adding that genuine house ownership would still be encouraged.
Means for those looking for investment with low entry cost, should act fast fast before this new rules implemented. No doubt developer is very creative when come to property launch, however I believe this new rules might impact those who looking for zero or minimum entry cost type of investor...