Malaysia to review proposal
Malaysia is reviewing a move to allow property developers to lend to buyers after concerns that it may subprime mortgage crisis in a country that already has one of Asia’s highest household debt burdens. Malaysia’s cabinet asked Housing minister to review and improve house financing policy. “More unregulated lenders and subprime borrowers will compound the risk of a debt crisis,” said NazirRazak, chairman of CIMB Group.
Tags : INTERNATIONAL