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21 August 2012| last updated at 08:08PM

Govt urged to review My First Home Scheme concept, effectiveness



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IPOH: Syarikat Perumahan Nasional Bhd (SPNB) has urged the government to review the concept and effectiveness of My First Home Scheme.

 

It said the government should also consider reducing housing loan interest rate and extending the repayment period to cater to the needs of the low-income families.
 
Its managing director, Datuk Dr Kamarul Rashdan Salleh, said many first-time buyers wanted to buy the houses but could not afford them, especially in the Klang Valley where the prices were high.
 
"Maybe the government can boost the efficiency of the housing scheme. It also need to reduce red tape to allow the buyers to get housing loans even it is based on their net pay," he told reporters at his Hari Raya open house here today.
 
He said the prices of the houses this year were high due to various factors, among them the high land prices in the Klang Valley.
 
Kamarul said SPNB would help the government and rakyat by capping the prices between RM65,000 and RM75,000.
 
"If SPNB could do it, other developers can also do the same," he said. -- BERNAMA
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