The Real Estate and Housing Developers’ Association (REHDA) supports the recent announcement made by Second Ministry of Finance Tan Sri Nor Mohamed Yakcop in making housing loans more accessible to applicants who do have proof of fixed income.

REHDA President Ng Seing Liong said, “This is a good start towards opening up housing accessibility to the lower income group, such as small agriculture-based businesses.”

“Making housing loans more accessible to these groups will serve to bring such aspirations into reality.”

The revolving fund to be launched, Liong said has potential to spur demand for properties in the low to low-medium range price group, as the bulk of property overhang in the nation is comprised of properties ranging from RM150,000 and below, this initiative could help reduce the amount.