Tag: housing loans

10 to be charged for involvement in S$11.4 million housing loan scam

Singapore—On Tuesday, December 3, 10 individuals will face charges in court due to their alleged participation in a housing loan scam that involved $11.4 million in mortgage loans. In a statement dated December 2, Monday, the police described the scam as a housing loan...

The problem with housing loans in Malaysia

In Malaysia, there has been questions floating on the reasons why mortgage loans are rejected at a high rate, some might say the rejection rate is between 60%-70%. The reasoning behind this is due to Bank Negara implementing stricter regulations toward housing loan approvals. The Independent recently asked a...