News & Articles Senator proposes 100pc bank loan for youths to buy houses
Senator proposes 100pc bank loan for youths to buy houses
15 Apr 2015
"KUALA LUMPUR: A senator has proposed that the youth be given a 100 per cent bank loan facility as some are unable to pay the deposit even for an affordable house.
Norliza Abdul Rahim said many of those who had just started working did not have adequate money especially as the price of an affordable house currently cost around RM400,000 per unit. "
"We have to look seriously on the issue of bank loans because for the Malays in particular, to buy a house and pay a deposit of 10 per cent is quite hard at such a young age,"" she said when debating on the Yang di-Pertuan Agong's speech at Dewan Negara here today.
The senator from Penang also suggested that a suitable mechanism be used or streamlined to solve the problem. "
"However I congratulate the prime minister (Datuk Seri Najib Razak) and also the government for the many efforts being implemented to ensure this housing problem can be addressed such as the 1Malaysia People's Housing Scheme programme (PRIMA), affordable housing and many others,"" she said.
Touching on housing issues in the Kuala Lumpur Federal Territory, Senator Datuk Dr Abdul Halim Samad in his debate proposed that the government set up a Federal Territories Housing Board.
He said among the housing woes, especially in the federal capital, was the exorbitant rental rates and house prices.
There are less affordable houses and medium cost housing in the federal capital despite about 60 per cent of the youths residing in Kuala Lumpur were in the low and medium income brackets.
The sitting continues tomorrow. -- BERNAMA"
Norliza Abdul Rahim said many of those who had just started working did not have adequate money especially as the price of an affordable house currently cost around RM400,000 per unit. "
"We have to look seriously on the issue of bank loans because for the Malays in particular, to buy a house and pay a deposit of 10 per cent is quite hard at such a young age,"" she said when debating on the Yang di-Pertuan Agong's speech at Dewan Negara here today.
The senator from Penang also suggested that a suitable mechanism be used or streamlined to solve the problem. "
"However I congratulate the prime minister (Datuk Seri Najib Razak) and also the government for the many efforts being implemented to ensure this housing problem can be addressed such as the 1Malaysia People's Housing Scheme programme (PRIMA), affordable housing and many others,"" she said.
Touching on housing issues in the Kuala Lumpur Federal Territory, Senator Datuk Dr Abdul Halim Samad in his debate proposed that the government set up a Federal Territories Housing Board.
He said among the housing woes, especially in the federal capital, was the exorbitant rental rates and house prices.
There are less affordable houses and medium cost housing in the federal capital despite about 60 per cent of the youths residing in Kuala Lumpur were in the low and medium income brackets.
The sitting continues tomorrow. -- BERNAMA"
Source: New Straits Times