DISCUSSIONS are being held with participating financial institutions to enable more young working adults to own a house under the My First Home Scheme.
Deputy Finance Minister Datuk Donald Lim said 1,623 people had sought funding amounting to RM238.9mil as at Jan 31.
Of the total, 280 applications involving RM41.1mil were approved, he added.
“The ministry needs to discuss this further as a number of people in Kelantan, Terengganu, Sabah and Sarawak are not benefiting from the scheme.
“We must get people in the lower-income group to be able to own a house under the scheme,” he told Saifuddin Nasution (PKR-Machang).
Lim said among the banks which provided loans for the scheme were Alliance Bank, Public Bank and Maybank.
He added that other initiatives to help the people own houses included the 1Malaysia People’s Housing Scheme.
“We have also raised the limit of house prices under the My First Home Scheme from RM220,000 to RM400,000 as stated in Budget 2012,” he said.
Lim said Selangor recorded the highest number of applications for the My First Home Scheme, followed by Kuala Lumpur and Johor.
He added that no applications were received from those in Perlis, Kelantan, Labuan and Putrajaya as at Jan 31. - The Star
