Malaysia Turns to Property Crowdfunding as Banks Reject Loan Applications

Bloomberg Quint | May 17, 2019 at 8:31 AM
  • Malaysia’s government is turning to the wealth of the masses, instead of reticent banks, to help solve a $4.8 billion property overhang.
  • The crowdfunding model lets Malaysians bypass banks for loans and connect directly with investors.
  • The SC set out guidelines for property crowdfunding on Friday and urged those interested in setting up such a platform to call them.