The lack of Banks in Bukit Beruntung

Malaysian Banks

The Bukit Beruntung area really needs more banks. In the last 1997 financial crisis dubbed the Asian Financial Crisis, many banks got burned due to financing properties in Bukit Beruntung. Many projects were abandoned and many buyer just chose to default.

Fast forward today, many banks are still reluctant to provide loans to this area. The banks are so cautious that they don’t even have any presence in Bukit Beruntung itself.

Public Bank Bukit Beruntung - The only bank brave enough to setup shop here

The only bank around Bukit Beruntung is Public Bank. Your best bet for getting a loan for Bukit Beruntung properties would be from Public Bank. It’s quite an irony considering that Bukit Beruntung is considered a Malay heartland area, a china man bank is willing take take risk to setup shop here. This begs the question of where is CIMB and Maybank ? Is this place really so bad that it’s not worth investing here. If such a conservative and prudent bank like Public Bank is willing to setup shop here for so long indicates there is good healthy demand for banking services in Bukit Beruntung.

The new commercial lots being developed around Tesco Bukit Beruntung ofters great opportunity for Banks to setup shop here. Unlike the older generations of shops, these commercial lots offer modern looking buildings, wide side corridors, almost full height glass windows and plenty of parking space.