KUALA LUMPUR: As of Sept this year, Malaysian banking institutions have approved housing loans worth RM57 billion to 142,558 first-time housebuyers, Dewan Negara was told today.
Deputy Finance Minister Datuk Lee Chee Leong said about 71 per cent of the borrowers took out loans for housing units priced at RM500,000 and below.
“The number of loan approvals from 2012 until now are as follows; 191,334 accounts in 2012 with an amount of RM64.1 billion; 204,506 accounts in 2013 with an amount of RM81.2 billion; 183,061 accounts in 2014 with an amount of RM74 billion; 157,107 accounts in 2015 with an amount of RM61.9 billion and 156,632 accounts in 2016 with an amount of RM61 billion,” he said, in reply to question from Senator Ir. Yong Wui Chung during question-and-answer session today.
Yong had asked Lee to reveal the statistics on bank loan approvals for first house purchase from 2012 to date and Bank Negara Malaysia's (BNM) measures to help first-time housebuyers to secure financing.