KUALA LUMPUR, October 1 Roughly 24,000 prospective homebuyers who encountered difficulties in obtaining bank loans underneath a Peoples Housing Project (PPR) will be postulated loans underneath a intrigue managed by a Special Purpose Vehicle (SPV) of a Federal Territory Foundation, Bernama Online reported today.
The news portal quoted Minister of Federal Territories as well as Urban Wellbeing, Datuk Raja Nong Chik Raja Zainal Abidin, as saying a buyers would be postulated loans with monthly repayments of between RM150 as well as RM300.
The substructure would find a Cabinets capitulation for a intrigue as shortly as possible, he added.
Nong Chik (picture) said a ministry had obtained collateral amounting to RM1.5 billion from a Employees Provident Fund (EPF) to assist a homebuyers in question.
He additionally endorsed those who cannot means to buy PPR houses as well as flats to lease first as a government has provided 35,000 units of PPR houses in Kuala Lumpur.
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