THE government’s proposal to lower the housing loan interest rate will promote home ownership among a large segment of the population, said the Real Estate and Housing Developers’ Association Malaysia (Rehda) yesterday.

In describing the proposal as timely, Rehda president Datuk Seri FD Iskandar said the move would benefit Malaysians from the low- and middle-income groups, who struggled to purchase houses due to the economic climate.

“The proposal, which Rehda had mooted on several occasions, speaks volumes about the government’s commitment to fulfil the national housing agenda.

“Should it come into fruition, it will greatly increase the purchasing power of Malaysians, especially those in the M40 and B40 income groups, and help them buy the home of their dreams.

 

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MediaTitle - New Straits Times
Date - 27 Jan 2018

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