Tag: why property prices must not rise too fasty
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Property prices. Rising too fast is bad for banks. (and owners too…unless)
If the property we bought for RM500,000 a few years ago is sold today and that new buyer is willing to pay RM600,000 for it, would the bank be willing to provide a 90% loan for this property based on a RM600,000 value? Or do you think the bank will prefer to use a lower…