Finance Minister Lim Guan Eng speaks during a press conference at the Housing and Local Government Ministry in Putrajaya August 22, 2019. — Picture by Shafwan Zaidon
“If monthly repayment has been reduced by 20 per cent, more people can afford to purchase a home and we predict that it will increase homeownership by another 20 per cent. But of course, we hope more people will be able to afford to buy a home. The enhancement, which takes effect on September 1, is an additional initiative by the central bank to help citizens in the bottom 40 income group to own their first home, she said at the launch of the Financing Advisory Services .
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