KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (REHDA) has urged financial institutions to play a bigger role in the Malaysia Property Expo 2015.
Rehda's committee chairman Datuk Ng Seing Liong said the number of banks participating in the property expo was too small and showed lukewarm response.
"Banks should play their role especially for first-time home buyers to smoothen the process for them in getting a home in the challenging economy currently.
"In addition to the weakening ringgit, we anticipate that the property mart will be hit quite bad, resulting in slower sales as well as home ownership.
"We hope the government, financial institutions and the developers can work together in trying times to help buyers own their homes," he told reporters at the Mapex briefing here today.
Ng disclosed that only three banks have stated their intention to participate in the three-day property expo to be held from October 30 to November 1.
About RM 300,000 million in sales are expected in the expo compared to RM600,000 million last year, signalling a slower second half in the property sector for this year.