Real Estate and Housing Developers Association Malaysia Perak branch chairman Tony Khoo Boon Chuan said developers here were already facing a shortage of cash flow for development purposes. As such, he said, the developers would not have the means to provide loans to buyers. “Firstly, there will not be many takers because the interest rates will be higher, compared to what the banks are offering. He said they are allowing developers to provide housing loans to overcome difficulties faced by buyers in securing bank loans. In terms of the interest rates offered, Chong said the market would decide the rate.

Source: The Star September 17, 2016 06:25 UTC