Bank Negara Malaysia’s (BNM) Fund for Affordable Homes, which was launched yesterday, will help boost first-time home ownership, said the Real Estate and Housing Developers’ Association (Rehda).
Rehda president Datuk Soam Heng Choon said the RM1 billion fund, aimed at first-time home buyers among the lower income group, will definitely help due to the low interest rate, which has been capped at 3.5% per annum.
“This new fund definitely will be useful in helping first-time home buyers and especially for properties below RM150,000. Of course the question being raised is: are there properties below RM150,000? Definitely there are, even in Selangor there is Rumah Selangorku, where there is a category below RM150,000. Rumah Mampu Milik Johor also has (homes priced RM150,000 and below),” he told reporters on the sidelines of the launch.
