Friday 29 Mar 2024
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KUALA LUMPUR (Sept 9): The government is expected to announce attractive measures in the upcoming Budget 2017 to help middle and lower income earners secure affordable homes, said Bernama.

It reported Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah as saying that the Finance Ministry is in talks with four major banks on how 1Malaysia People's Housing (PR1MA) can deliver affordable homes to these groups.

"We, at the ministry, are discussing with the four major banks the proposed measures, which will be announced by Prime Minister Datuk Seri Najib Tun Razak (in the budget).

"We're not talking about high-end houses. It (the proposed measures) will be attractive," he told reporters after launching the #Social Progress Malaysia, here today.

The Budget 2017 will be announced on Oct 21 in Parliament.

On the Urban Wellbeing, Housing and Local Government Ministry's proposal to allow developers to provide housing loans, Mohd Irwan reportedly said: "We need to study (this proposal)."

"I read about it in the papers, and can't comment much," he added.

Yesterday (Sept 8), Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar said his ministry was mulling a proposal for housing developers to be issued a moneylending licence to help non-bankable house buyers and overcome down payment issues. The interest rate for loans under the scheme will vary from a maximum 12% with collateral and up to 18% without any.

 

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