We should help all Malaysians needing a home to have a home. It may not be forcing them to buy immediately but perhaps the government could build homes and set them on the path of rent to own instead. Unsold units? Rent them out instead? Of course it could also be via providing them with financial knowledge too. These days, we could see that when it comes to the property, there are many ministries which are very concerned and continue to do their best to help the B40 households own a property. Latest one may not be so readily welcomed by the risk officers of banks.
Article in Edgeprop.my here. Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad advised the banks and financial institutions to do to help the B40 households own a home; give more leeways to applicants. He said this is to support the government’s inspiration to give priority to the B40 group in house ownership. He said that banks should also take into account the income from part-time jobs.
He said, “Most financial institutions combine the income of husband and wife to determine whether or not they qualify to take a housing loan, so why not take into account their side income as well?” He added, “But of course the applicants will have to show evidence of their side income for a reasonable period of six two 12 months to support their applications.”
He was speaking to reporters after checking the development of ‘Rumah Idaman Rakyat’ housing project by Syarikat Perumahan Negara Berhad (SPNB) at Kampung Santong near Paka, here yesterday. The project offers 229 units of affordable houses, 70 units of which are single-storey terrace, 60 units of double-storey terrace, 76 units of semi-detached houses and 23 units of shop lots, which are expected to be fully completed by June 2020. Raja Kamarul also said that they will monitor the purchase of all SPNB houses so that it goes only to deserving buyers. He said, “Yes, we have been deluged with complaints about the selection of buyers of SPNB houses and other low-cost houses being based on certain quarters’ whim and fancy. We will ensure that it will not happen again under the new government. We want to ensure only those who are qualified, especially first time buyers, will own the houses.” Article in Edgeprop.my here.
written on 6 Feb 2019
Next suggested article: Buying a property. Why the LONG…. process.