Commercial banks have been urged to formulate special guidelines for low and middle income borrowers to enable them to purchase and own houses.
Penang state Housing, Town and Country Planning Committee Chairman Jagdeep Singh Deo said the existing guidelines are not just unfair to the lower income group, but also benefits only a small number of applicants.
"For example, if I want to buy a RM1 million bungalow and the conditions are the same as that for a low cost house, is it fair?
"So, commercial banks must be urged to formulate a different set of guidelines for those from the middle and lower income, to enable them to also own houses," he added.
Jagdeep said this when intervening in the session to debate the Supply Bill 2015 in relation to the housing issue raised by T.Jayabalan (PKR-Batu Uban) in the Penang State Legislative Assembly today.
The housing issue has been a hot topic in the current session with representatives rising daily to debate the issue.
Meanwhile, Jagdeep also clarified that he welcomed any party wanting to build affordable homes in the state for the lower income group.
Bernama
Wed Nov 12 2014
Penang state Housing, Town and Country Planning Committee Chairman Jagdeep Singh Deo welcomed any party wanting to build affordable homes in Penang for the lower income group.
AWANI Tonight 18 Oct 2024
#AWANITonight with @_farhanasheikh
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#AWANIEnglish #AWANINews
1. Belanjawan 2025: PM unveils record RM421 bil expenditure
#AWANIEnglish #AWANINews
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Celine Ting (@celinetingkl) from OpenAcademy and Anas Hayyan (@anashayyan) from Asian Strategy & Leadership Institute (ASLI) discuss strategies for retaining and developing today's workforce, with a focus on meeting Gen Z's expectations while boosting productivity. #ItsAboutYOUth
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AWANI 7:45 [18/10/2024] - Gaji minimum RM1,700 | Perbezaan hutang terkumpul dan hutang baru | Sehingga tujuh luruan Monsun Timur Laut
1. Belanjawan 2025, gaji minimum naik antara jadi tumpuan.
2. Jangan keliru hutang negara, kerajaan tidak tambah hutang baharu.
3. MetMalaysia ramal banjir di pantai timur, Sarawak dan Sabah.
4. Lima dikhuatiri lemas, perahu lumba karam ketika latihan regata Sarawak.
2. Jangan keliru hutang negara, kerajaan tidak tambah hutang baharu.
3. MetMalaysia ramal banjir di pantai timur, Sarawak dan Sabah.
4. Lima dikhuatiri lemas, perahu lumba karam ketika latihan regata Sarawak.
AWANI Borneo [18/10/2024] – Perahu karam | Belanjawan 2025 | Pan Borneo dan SSLR
Tumpuan Awani Borneo 18 Oktober 2024 bersama Syaff Shukri
1. Lima peserta latihan regata dikhuatiri lemas di Sungai Sarawak.
2. Pemberian khas Sabah, Sarawak dicadang dinaikan RM600 juta.
3. Pembangunan jalan raya di Sabah, Sarawak terus diperkukuh
1. Lima peserta latihan regata dikhuatiri lemas di Sungai Sarawak.
2. Pemberian khas Sabah, Sarawak dicadang dinaikan RM600 juta.
3. Pembangunan jalan raya di Sabah, Sarawak terus diperkukuh