Posted by camrybenz88 > 2013-11-30 14:06 | Report Abuse

A good state government who care for the Penang people. PR to provide 30% interest free loan for SOS Athi Shankar | November 30, 2013 But applicants will have to first secure a loan for the remainder amount from commercial banks. GEORGE TOWN: Penang Pakatan Rakyat government would provide a 30% loan without interest for the Shared Ownership Scheme (SOS) soon to enable low income earners own affordable homes. Disclosing this at the Penang legislative assembly yesterday, Chief Minister Lim Guan Eng (DAP – Air Putih) said the 30% loan would top up the 70% bank loan secured by house buyers, who could not obtain 90 or 100% loan from commercial banks. For a start, eligible low-cost home buyers can buy a townhouse unit in Taman Sungai Duri Permai, Sungai Duri with a 30% interest-free funding from state government. Each applicant needs to secure a 70% housing loan from commercial banks while the balance 30% loan would be provided by the state government . The applicants need to repay the state loan without any interest charged. The state government would purchase 104 units in Taman Sungai Duri Permai and resell each unit for RM38,000 to eligible buyers. Lim said the state government decided to introduce the SOS after it found that the Finance Ministry’s Housing Credit Guarantee Scheme had failed to help the lower income group to secure full bank loans to buy affordable houses. House-buyers have to first register with the state’s housing department to purchase the Taman Sungai Duri Permai units and their applications vetted for eligibility. Penang is the first state in the country to introduce SOS. http://www.freemalaysiatoday.com/category/nation/2013/11/30/pr-to-provide-30-interest-free-loan-for-sos/

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53 comment(s). Last comment by njue76 2013-12-02 20:42

Posted by whizzkid125 > 2013-12-02 19:13 | Report Abuse

The PM simply talks nonsense. Picking on the Selangor speaker's new pay as comparison with his own pay is a poor move. In the first case official salaries of BN government leaders have always been shrouded in mystery.

I am quite sure that YB Hannah Yeoh's salary will not enable her to control a bank such as CIMB or any other bank until her retirement from politics. I urge fellow Selangor voters and people of Pulau Pinang to continue to show faith in your leaders. I am confident like me, you are not petty minded.

fairjimmy

198 posts

Posted by fairjimmy > 2013-12-02 20:34 | Report Abuse

just look at that useless Umno crony, the CEo of syabas. how much is he getting? Something like RM 300k a month for pathetic water services. Is anyone saying that the MB/CEO of selangor has less tasks and responsibilities than a stupid CEO of syabas? Come lets be fair

njue76

471 posts

Posted by njue76 > 2013-12-02 20:42 | Report Abuse

dont forget to look ioi berhad. company link to anwar and PR uselesss .also look KPS. How much crony PR get free share and money to them..Do you forget SAAG, chaiman is PR link....How much they get when SAAG share from 20.cen to RM13...

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