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Build Affordable Homes, Housing Board Urged

7 Sep 2012

KUALA LUMPUR: Cuepacs has proposed that the National Housing Board build houses costing between RM70,000 and RM160,000.

Its president Datuk Omar Osman said housing schemes within this range would make it affordable to many civil servants to own houses.

Omar said about 30% to 45% of civil servants had yet to buy their own houses because they could not afford the monthly instalments.

“Although the interest rate on housing loans for civil servants is 4%, many cannot make ends meet after making the monthly housing loan payments,” Omar said at the Cuepacs Hari Raya open house.

The event was attended by Chief Secretary to the Government Datuk Seri Dr Ali Hamsa, heads of government departments and Cue­pacs office bearers from throughout the nation.

Osman added that those affected were Grade 154 employees who were in their 10th year of service or less.

“If their monthly salary is RM3,000, how can they afford to make monthly payments of RM800 for their houses?” asked Omar.

He added that if this was allowed to go on, there would be civil servants retiring without having their own homes by the year 2020.

Omar said Cuepacs has also asked the civil service housing loan department to reduce the interest rate to 1% from the current four.


Source:
The Star
http://www.starproperty.my/PropertyScene/PropertyNews/24863/0/0

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