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Key risks to Malaysia’s property sector include a prolonged coronavirus lockdown that would further dampen the economic outlook and consumer sentiment on big-tickets items; slower-than-expected progress billings, spiking building material cost and impairments on receivables and completed inventories. BERNAMA
Malaysia new home loans ‘up from Q3’
Wed, 14 July 2021
Property loan approval rates in Malaysia are expected to start recovering from the third quarter of this year, as coronavirus lockdown restrictions begin easing with the gradual opening of the economy.
UOB Kay Hian, in a report, noted that the mortgage approval rate saw a month-on-month pickup of four percentage points in April and two percentage points in May, following a lockdown.
PETALING JAYA: Property loan approval rates are expected to start recovering from the third quarter of this year, as lockdown restrictions begin easing with the gradual opening of the economy.
UOB Kay Hian, in a report, noted that the mortgage approval rate saw a month-on-month pickup of four percentage points in April and two percentage points in May, following the lockdown.
“While this remains below the pre-Covid-19 levels of above 40%, we do not expect banks to further tighten approval standards since they have been fairly stringent even before the onset of the pandemic.
“We expect to see a recovery in the loan approval rate from the third quarter of 2021, as the loan processing backlog is expected to ease with the gradual reopening of the economy.”
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Malaysia s private hospitals step up to fight COVID-19 as cases surge Toggle share menu
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Malaysia s private hospitals step up to fight COVID-19 as cases surge
Patients are pre-screened for COVID-19 before entering Sunway Medical Centre, one of 96 private hospitals which have agreed to dedicate bed space for COVID-19 patients. (Photo courtesy of Sunway Healthcare Group)
05 Feb 2021 05:50PM) Share this content
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KUALA LUMPUR: Private hospitals in Malaysia are getting ready to play a bigger role in combatting COVID-19, following the enactment of an emergency ordinance to mobilise resources of the private healthcare sector.
Hospitals involved are currently converting some of its wards to accommodate COVID-19, while some like Sunway Medical Centre, located in the Klang Valley suburb of Subang Jaya, are expanding their capacity to take in more cases.