The federal government will help people with no fixed income to buy their very own homes via a scheme managed by Syarikat Jaminan Kredit Perumahan Bhd, a firm owned by the Finance Minister Incorporated.
Syarikat Jaminan Kredit Perumahan will back the loans provided by banks involved in the scheme, according to Deputy Finance Minister Datuk Ahmad Maslan.
“The financial guarantee will be given to those who do not have a fixed income such as fishermen, taxi drivers and petty traders, to buy low and medium cost homes for the first time through Bank Simpanan Nasional and Bank Islam.”
However, the loan are only open to people earning not more than RM1,000 a month, with the amount not exceeding RM100,000, he told reporters after launching the 1Malaysia Affordable Homes managed by Koperasi Pembangunan Hartanah Putrajaya Bhd in Putrajaya yesterday.
The loan aims to increase the number of families with a roof above their heads as 1.9 million of Malaysia’s 6.3 million households do not have their own homes.
“There are also 2.45 million households with an income of less than RM3,000 and of this figure, 1.7 million already owned a home,” Ahmad added.
“On the other hand, 627,000 families are still renting homes, while 140,000 live in squatter areas or squatting in homes of relatives.”
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
