MIAMI: The Real Estate and Housing Developers Association (Rehda) asserted today that the rejection rate for affordable housing loan applications was above 50 per cent, and that strict lending rules were hurting the property market.
The group’s president, Datuk Seri FD Iskandar, said Rehda’s survey found that loan rejection was the number one obstacle for developers in the second half of 2015, with more than 68 per cent of respondents saying having more than 30 per cent unsold units…..