The country’s umbrella group representing government servants said it is “concerned” that the “high interest rate” would profit the special purpose vehicle (SPV) set up by the government instead of helping poor homebuyers who are also EPF members.
Cuepacs president Datuk Omar Osman told The Malaysian Insider that “6.5 per cent interest is too high. The purpose is not to make profits, it is to help them purchase low-cost homes.”
“These people are part of KWSP (EPF). The interest repayment rate should be between 3.5 to four per cent at the most. We do not want them to suffer having to repay such high rates.
“We hope that the high interest rate is not for the SPV involved to make a profit... we are concerned,” he added, referring to the special purpose vehicle linked to the Federal Territories Foundation.
The foundation’s scheme will be overseen by Federal Territories and Urban Well-being Minister Datuk Raja Nong Chik Raja Zainal Abidin and the firm will act as the middleman to grant home loans to potential home buyers. The EPF has been promised an annual return of 5.5 per cent for the money loaned to the scheme.
The federal opposition has, however, accused Barisan Nasional (BN) of abusing monies from the pension fund to hide its current debt levels under the guise of offering a purportedly “noble” housing loan to lower-income earners.
Raja Nong Chik has declined to comment on the scheme or why federal funds could not be used for the project.
The EPF clarified last month it is in talks with a government agency to provide loans to city renters to buy homes but that the deal has not been inked.
It also said that the terms involve lending an initial sum of RM300 million to the federal government through the special purpose vehicle.
Another Putrajaya home ownership scheme for low-income earners has come to a grinding halt just a year after it was launched as banks are unwilling to risk loans with monthly repayments worth more than half the applicant’s salary.
The My First Home scheme launched by Datuk Seri Najib Razak in March 2011 offers 100 per cent financing to those aged below 35 and earning less than RM3,000 per month to purchase homes worth up to RM400,000.
But Chinese-language daily Sin Chew Daily reported earlier this month that a 30-year-loan for RM400,000 with a 4.3 per cent interest rate would require a monthly repayment of RM1,780.
Property prices in urban areas, such as Penang and Kuala Lumpur, rose by up to 40 per cent in 2010, fuelled by low interest rates and a surge in speculative buying, although prices slowed last year due to dampened sentiment from tightening measures such as a hike in the real property gains tax for early disposals.
Some reports have also estimated that property prices jumped from 5.9 times income in 1989 to 10.9 times in 2010. The Demographia International Housing Affordability Survey rates markets whose property prices are 5.1 times median income or more as “severely unaffordable”.
The HBA last year warned that an entire generation of young adults are at risk of being locked out of the property market due to runaway house prices.
24 ulasan:
THEN BUILD YOUR SELF LAH, WHO DO U THINK U R? KERJA MALAS, KOMPLEIN BANYAK, IMBUHAN MAU TINGGI, TARAK MALU KA?
KLIK:PUSAT TUSYEN HIDUP SBB CIKGU TAK BERKUALITI
SSM (versi baru) bila nak bayar gaji ???
skrg dah bulan 3, bulan 4 boleh ker???
mau tunggu apa lagi bro.,
jangan lupa saya punya Anjakan Gaji (lulus PTK Aras 4), .. bayar dulu sblm kira gaji baru SSM !!! Pls.
yg aku pasti bulan 3 gaji lama lg...bulan 4 tak pasti...jabatan akautan negara tak dapat apa2 maklumat lg
...and again, if the topic written in english, you can count the comments. kah kah kah.
conclusion, majorities of commentars are full of shit. only understand malay language, talk like a cock. thats what happened if government still take low class worker 16 and below to be part of civil service.
well, lets see tomorrow after 7am, how many of them will float in this blog :D
Bodoh punya Omar, kan PA dah ada pinjaman perumahan kerajaan, EPF adalah untuk swasta sahaja..Buata apa mahu sibuk, lagi pun EPF mesti menjaga kepentingan ahli ahli yang mencarum dan bukannnya menjaga kepentingan si omar...ada paham... Omar kalau nak bantu Menteri wilayah , letaka jawatan dulu...
CADANGAN KEPADA KERAJAAN (JPA) AGAR LIHAT DALAM SISTEM HRMIS, MANA2 KAKITANGAN PENGURUSAN &PROFESIONAL MELEBIHI 10 TAHUN KE ATAS YANG TIDAK NAIK GRED (TERTINGGAL/SENGAJA DITINGGALKAN), DINAIKKAN SECARA TIME BASED SEPERTI GURU DAN PTD.
CADANGAN KEPADA KERAJAAN (JPA) AGAR LIHAT DALAM SISTEM HRMIS, MANA2 KAKITANGAN PENGURUSAN &PROFESIONAL MELEBIHI 10 TAHUN KE ATAS YANG TIDAK NAIK GRED (TERTINGGAL/SENGAJA DITINGGALKAN), DINAIKKAN SECARA TIME BASED SEPERTI GURU DAN PTD.
Buffalo, goats, wallup u !
เพียง แต่พูดคุยใหญ่ซึ่งเป็นสารที่ไม่มี กรณีนี้ไม่ได้สำหรับข้าราชการ นักการเมืองต้องการที่จะถูก?
i think comment in BM is good because everybody can understand it..and who do you think you are when using an english?
Datuk Omar sepatutnya cadang pada PM Najib untuk mengurangkan interest 4% pinjaman perumahan kjaan kepada 2% saja sbb majikan kat luar sana esp. bank2 hanya mengenakan charge 2% shj utk staff dia orang.
patut dah lamo dah 2%pinjaman perumahan...
patut dah lamo dah 2%pinjaman perumahan...bank boleh buat,. goment tak pikir ....
patut dah lamo dah 2%pinjaman perumahan...bank boleh buat,. goment tak pikir ....
patut dah lamo dah 2%pinjaman perumahan...bank boleh buat,. goment tak pikir ....
skharga rumah di Sabah rata rata semuanya RM200 K dan keatas...mengikut dari gaji gred 1 hingga 22... tidak mencukupi untuk memiliki rumah idaman...lebih baik beli tanah atas bukit...dan buat rumah sendiri.. Tuan tolong kaji harga perumahan di Sabah... terima kasih...
cadang pinjaman perumahan kerajaan dgn flee rate 1% sahaja...dan hrga rumah untuk gred pelaksana (gred 1-40) sekitar rm 50k - 150k ...
talked like cock la..u not that smart anyway..let other speak their views..respect them if u want to be respect...
i think comment in BM is good because everybody can understand it..and who do you think you are when using an english?
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setuju...agree..ni kan malaysia...
kakitangan sokongan BERIJAZAH berkata...
...and again, if the topic written in english, you can count the comments. kah kah kah.
conclusion, majorities of commentars are full of shit. only understand malay language, talk like a cock. thats what happened if government still take low class worker 16 and below to be part of civil service.
well, lets see tomorrow after 7am, how many of them will float in this blog :D
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wah..awak duk negara mana ni?keja ngan mat salleh ke ngan orang melayu?
tinggi sangat ke IQ awak ni?
hmmm..tu la kalau lupa asal usul...
ramai lak yg melenting dlm nih bila ader org provok sket.. wakakakakaka. lek ler weh. jgn ler nangis.
dah topik pun english, buh ler komen dlm english. cam topik bm tuh leh komen sampai 100-200 org. bila topik english takat 10-20 org jer.
"nyesal dulu aku malas baca, cakap inggeris berbelitlah lidah. basiblah baik pernah kuhafal lagu nirvana"
hahahaa
คุณโง่โง่
u all memang sumua hebat hebat belake bagi kritikan membina....teruskan perjuangan wahai pendekar pendekar tanah air malaysiaku...
wlkumsalam....
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