End of loan moratorium and property market’s fate

Experts expect a rise in non-performing loans as many Malaysians face pay cuts and retrenchments.

Property buyers are guessing that prices will decline tremendously after the moratorium ends after next month. Last year, the government’s Home Ownership Campaign ran for the entire year and recorded RM13 billion worth of property, or 28,000 units, sold.Expect a rise in non-performing loans because households may not be able to repay their loans due to a loss of income or no steady source of income.

“Also, there may be pay cuts or retrenchments owing to the current crisis and many borrowers may be unable to service their loan commitments, thus leading to more NPL stock,” said Loh.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Nasdaq end at records after upbeat business surveys | Malay MailNEW YORK, Aug 22 — The S&P 500 and Nasdaq closed at record highs yesterday, with both lifted by Apple after data pointed to some pockets of strength in the US economy. US business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in...
Source: malaymail - 🏆 1. / 86 Read more »