The Selangor government has received 189,892 applications for the Rumah Selangorku programme in the past five years, but sadly only a fraction of the applicants ended up owning the homes offered.
“Those who were successful were relatively low in numbers because of stringent financial conditions adopted by the banks. She added that her committee was looking into alternative measures including negotiating with various banks that could offer home financing without imposing stringent requirements.
“It will help reduce the buyer’s burden where they don’t have to pay deposits and just pay rent to be eligible eventually to buy the house,“ she said.
Source: Loan Digest (loandigest.net)
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