REHDA Hails Move To Restructure Housing Loan

Real Estate and Housing Developers’ Association Malaysia (REHDA) welcomes the Government’s initiative in getting the banks to restructure the repayment of housing loans to help ease the burden on borrowers.

REHDA also urges the Government to ensure that there would be no increase to housing interest rates and that a longer repayment period be extended to new housing loans. 

President of REHDA Malaysia, Datuk Ng Seing Liong expressed his view that such a move would drive the house buyers’ sentiment and affordability to purchase while simultaneously stimulate demand for the housing market. The banking industry will also benefit as more loans would be disbursed.

“REHDA further suggests that the Government negotiate for a waiver of interest or a minimum charge on loans currently serviced by house buyers of abandoned projects as one of the measures to ease their financial woes,” Datuk Ng added.

With reference to today’s New Straits Times report regarding the statement of the Johor Master Builders Association’s that manufacturers are exporting construction materials to Singapore at the expense of local supply for better prices, REHDA urges the Government to consider imposing 15% to 20% of export tax on key building materials especially steel and cement to ensure adequate supply to the local sector.

Issued by:

Datuk Ng Seing Liong, PJN, JP
拿督黃騰亮  太平局紳
PRESIDENT
REAL ESTATE AND HOUSING DEVELOPERS’ ASSOCIATION MALAYSIA