||Asean Affairs 28 May 2013
'Help first-time home buyers get loans'
GEORGE TOWN: The state Real Estate and Housing Developers' Association Malaysia is requesting the government to address the issue of first-time home buyers who are facing difficulties in getting loans from commercial banks.
Its chairman, Datuk Jerry Chan Fook Sing, said many buyers were not qualified for housing loans and it had become a problem for developers to sell their houses.
"There is demand and supply. But if the Federal Government does not address this issue of helping first- time buyers to obtain loans, many low-cost and low medium-cost units will not be taken.
"They will remain unsold," he said after visiting Grace Harmony Home in Jalan Thomas here yesterday.
Present was Town and Country Planning and Housing Committee chairman Jagdeep Singh Deo and Grace Harmony Home chairman Khoo Teik Ee. Bernama