SPNB urges review of My First Home Scheme
IPOH, Aug 21 — Syarikat Perumahan Nasional Bhd (SPNB) has urged the government to review the concept and effectiveness of the My First Home Scheme.
It said the government should also consider reducing the 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 own a home but could not afford one, especially in the Klang Valley where the prices are high.
“Maybe the government can boost the efficiency of the housing scheme. It also needs to reduce red tape to allow the buyers to get housing loans even though it is based on their net pay,” he told reporters at his Hari Raya open house here today.
He said the prices of property 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 members of the public 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