Another concern is that despite the lower monthly payment, the households will eventually have to repay or refinance the principal on these loans, whether or not the current home price is sustained. This prospect is especially troubling if the pricing and payment structure of the mortgage leads to negative amortization of the loan balance.
Second, with ASEAN Economic Community 2025 agenda underway, the region will be increasingly integrated, stable and inclusive. Our regional integration is well-organized, and this will bring ASEAN to play greater roles in the global economy. ASEAN financial integration is now fully equipped with visions, action plans, and performance indicators, ready to be a region with responsibility and become a winning global player.