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Real Estate Briefing - Categorized | Developers, Regulatory more

Malaysian developers unaffected by cooling measures

Posted on 23 November 2010

From Property-report.com: Many property developers in Malaysia are not worried about the central bank’s latest cooling measures as they believe that the new ruling will not impact revenues much.
The new rules, which were imposed by Bank Negara earlier this month, require home buyers who have signed up for two mortgages and intend to apply for a third loan to finance only 70 per cent of the home value……………………………………….Full Article: Source

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