A good state government who care for the Penang people.
PR to provide 30% interest free loan for SOS
Athi Shankar
| November 30, 2013
But applicants will have to first secure a loan for the remainder amount from commercial banks.
GEORGE TOWN: Penang Pakatan Rakyat government would provide a 30% loan without interest for the Shared Ownership Scheme (SOS) soon to enable low income earners own affordable homes.
Disclosing this at the Penang legislative assembly yesterday, Chief Minister Lim Guan Eng (DAP – Air Putih) said the 30% loan would top up the 70% bank loan secured by house buyers, who could not obtain 90 or 100% loan from commercial banks.
For a start, eligible low-cost home buyers can buy a townhouse unit in Taman Sungai Duri Permai, Sungai Duri with a 30% interest-free funding from state government.
Each applicant needs to secure a 70% housing loan from commercial banks while the balance 30% loan would be provided by the state government .
The applicants need to repay the state loan without any interest charged.
The state government would purchase 104 units in Taman Sungai Duri Permai and resell each unit for RM38,000 to eligible buyers.
Lim said the state government decided to introduce the SOS after it found that the Finance Ministry’s Housing Credit Guarantee Scheme had failed to help the lower income group to secure full bank loans to buy affordable houses.
House-buyers have to first register with the state’s housing department to purchase the Taman Sungai Duri Permai units and their applications vetted for eligibility.
Penang is the first state in the country to introduce SOS.
http://www.freemalaysiatoday.com/category/nation/2013/11/30/pr-to-provide-30-interest-free-loan-for-sos/
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53 comment(s).Last comment by njue76 2013-12-02 20:42
Dr Asri: Kerajaan jujur, bersih rasuah seperti Selangor layak naik gaji
Oleh Nazli Ibrahim
SHAH ALAM 30 NOV : Anggota pentadbiran kerajaan yang jujur, bebas rasuah dan memiliki kemampuan kewangan kukuh layak menerima kenaikan gaji, kata bekas Mufti Perlis, Datuk Dr Mohd Asri Zainul Abidin.
ru_03.1Mengikut perspektif Islam, beliau berkata, langkah itu mampu membendung Menteri Besar, Speaker dan Timbalan Speaker, Exco dan Ahli Dewan Undangan Negeri (ADUN) negeri itu dari terjebak dalam rasuah.
“Kalau soal akauntabiliti itu betul-betul sudah ditekankan, kemudian dinaikkan gaji sebagai satu lagi langkah mengangkat akauntabiliti, tidak mengapa.
“Tidak kira Menteri Besar, ADUN atau Ahli Parlimen sekalipun boleh naik gaji kalau benar terbukti mereka tidak pernah ambil apa-apa keuntungan selain gaji mereka semata-mata,” katanya kepada Selangor Kini.
Bagaimanapun, beliau berkata, sesebuah kerajaan negeri harus terlebih dahulu mengkaji sama ada kenaikan itu memberi kesan negatif dari sudut ekonomi kepada rakyat.
1234“Bukan Selangor sahaja naik gaji, Ahli Parlimen, Perdana Menteri juga akan naik gaji pada tahun hadapan. Sebelum ini, Sarawak juga naik gaji lebih tinggi dari Selangor.
“Ada laporan 300 peratus kenaikan gaji di Selangor, memanglah. Saya mula-mula terkejut tetapi bila teliti gaji lama memang sangat rendah,” katanya.
Dr Asri berkata, langkah menaikkan gaji sama ada pemimpin negeri atau negara untuk mengelakkan rasuah bukan baru, malah ia dipraktik di Singapura dan negara maju lain.
Katanya, tuduhan kenaikan itu tidak wajar kerana ada rakyat masih berada di bawah paras kemiskinan tidak timbul kerana ia memudahkan pemimpin membantu golongan sedemikian.
“Dalam kerangka politik Malaysia, perbelanjaan ahli politik besar sebab ramai rakyat datang minta duit. Walaupun bukan wajib diberi tetapi dalam pengurusan politik selalunya bagi juga, tidak banyak sedikit.
“Bukan YB sahaja, tokoh lain seperti tokoh agama, selebriti pun begitu, orang jumpa orang minta. Kalau gaji rendah, untuk keluarga sendiri tak lepas. Sebab RM10,000 bukan besar untuk seorang tokoh yang ke sana ke mari,” katanya.
Sebaliknya, Profesor Madya Fakulti Pengajian Islam di Universiti Sains Malaysia (USM) itu, berkata kenaikan berkenaan menjadi sia-sia dan tidak adil kepada rakyat jika gejala rasuah berlaku dalam pentadbiran negeri.
sidang dun 01“Selangor ada beberapa kelebihan. Pertama, duit banyak. (Tapi) sebab Selangor negeri Pakatan Rakyat, jadi banyak mata tertumpu. Ini bagus sebab menjadikan mereka lebih berhati-hati,” katanya.
Dr Asri berkata, wang rizab Selangor yang ketika ini hampir mencecah RM3 bilion pula mampu memberi manfaat besar kepada segenap lapisan rakyat.
“Selangor sebuah negeri yang efisyen dari sudut laporan audit dan sebagainya. Tiada kes rasuah disabitkan dan pendapatan tinggi. Cuma kena fikirkan bagaimana nak belanjakan duit yang banyak itu kepada rakyat,” katanya.
Anwar 'the Maestro' SQUEEZES RM1k or 20% for needy kids from S'gor reps
PKR de facto leader has proposed that the party's Selangor assembly representatives, who will enjoy a considerable pay hike next year, contribute a portion of their salaries to the state education fund.
Anwar proposed a quantum of RM1,000 or 20 percent of their salaries to go to the fund for poor children, following a discussion with Selangor MB Khalid Ibrahim.
This proposal does not include PKR assemblypersons in Penang as their salary increase - from RM4,111 to RM6,000 - announced by Chief Minister Lim Guan Eng yesterday, was relatively low, Anwar said.
"I want the matter to be resolved soon as the Pakatan Rakyat Council will meet next week," Anwar said when met at Balik Pulau, Penang.
"By the time I knew about the pay rise, it had already been approved by the Selangor state assembly. So this is a way for state reps to return something to the people," he explained.
Selangor, which announced a hefty pay rise for its state assemblypersons, has earned the ire of several Pakatan Rakyat leaders, including Anwar who thought it was high.
The Selangor assembly passed a 268 percent pay hike for its speaker, along with pay rises for the menteri besar (to RM29,250 per month), deputy speaker (RM15,750) and assemblypersons (RM11,250).
When Gombak MP and PKR deputy president Azmin Ali asked for a review of the pay rise, Khalid retorted that he should donate his money to charity if he was not happy about it.
On the controversial pay hike, which will also be enjoyed by BN assemblypersons, Anwar said Khalid did inform him about it but he was not aware of the quantum of increase.
"But after it was announced, I felt it was slightly high," said Anwar.
According to Anwar, it was not right for Khalid to use the Sarawak situation to justify Selangor's pay raise.
"But since the state assembly has agreed and the pay rise would be implemented soon, this (proposal for state PKR reps to donate part of it to the education fund), would be the best thing to do," he said.
Not the same as corporate sector
Anwar said Khalid was open to the suggestion and will find a proper mechanism to implement the proposal.
On Khalid's outburst that whoever was not happy with the pay rise can donate their money to charity, Anwar said "he did it at the spur of the moment".
"When we discussed (the matter), he was very polite. He thought that it was like in a corporate sector - if you do good service, you are clean, you manage the economy well, and have a good excellent record, you should be rewarded," he said.
"But of course, this is not the same as in corporate sector as they have much higher salaries," he added.
Anwar said he had conveyed the message to Khalid that the matter was "sensitive" as people join politics to do public service and not to make money.
However, he conceded that the salaries of elected representatives were currently too low.
Anwar said as an opposition MP, he had objected to a steep pay hike in Parliament and naturally he has to be consistent when it came to Selangor.
"But it is grossly unfair to just look and pinpoint this flaw in Khalid and ignoring the fact that he has performed extremely well in office. In fact, this is widely acclaimed," Anwar said. - Mkini
I m pretty sure if PR takes over Putrajaya PR would provide interest free loan to all low income earners Malaysians. What a magnanimous Govt that would be in the whole world
Posted by fairjimmy > Nov 30, 2013 04:33 PM | Report Abuse
I m pretty sure if PR takes over Putrajaya PR would provide interest free loan to all low income earners Malaysians. What a magnanimous Govt that would be in the whole world
Posted by fairjimmy > Nov 30, 2013 06:37 PM | Report Abuse
I would rather the Govt use he RM 7.2 billion spent on foreign consultant fees on subsidizing low income income earners
But what to do when almost all the UMNO leaders are block heads....good government had qualified people in as ministers but most of UMNO Ministers are half past 6 ministers who just cannot reason logical & they take as Malaysians as fools with their stupid reasoning.
The govt spent RM 20 million on the Education blueprint which cannot be implemented and will be consigned to the rubbish dump. What a waste of RM 20 million by the moronic DPM
"Perhaps the blueprint from the NUCC should really focus on providing guidelines to our political and community leaders on how to see this country and its contested issues through the lens of equal citizenship rights within a plural society, rather than the old and tired lens of the politics of race and religion. Let’s focus on moving on to doing good, rather than inciting bad for short term political gains."
Posted by camrybenz88 > Nov 30, 2013 05:28 PM | Report Abuse
Posted by fairjimmy > Nov 30, 2013 04:33 PM | Report Abuse
I m pretty sure if PR takes over Putrajaya PR would provide interest free loan to all low income earners Malaysians. What a magnanimous Govt that would be in the whole world
Lee Lan will speak on Dr. Pornthip's banned entry to Malaysia at a talk organised by the 2013 Johor Bahru Book Fair. Date 7 Dec 2013 (Sat), 8pm at the main hall of SJKC Foon Yew (1). Welcome to join and give support.
Baik terima gaji BERBANDING rasuah dan pecah amanah
Baik terima gaji BERBANDING rasuah dan pecah amanah
KUALA LUMPUR - “Berbanding mulut dan perut disumbat rasuah dan wang pecah amanah, baiklah menerima gaji secara halal biarpun tinggi nilainya,” kata AJK PAS Pusat, Nasrudin Hassan.
Beliau berkaya, kiranya kenaikan gaji yang tinggi itu sepadan dengan tugasnya yang berat dan banyak, membantu masyarakat miskin dan berkongsi sebahagian pendapatannya dengan rakyat yang memerlukan, pula menghadapi kos sara hidup yang tinggi, maka ia berhak memilikinya.
Tambahnya, semoga dengan gaji yang telah cukup tinggi tidak lagi mendorong mereka culas menjalankan amanah secara tekun dan dedikasi serta mencari makan secara haram melalui rasuah dan pecah amanah.
“Namun kiranya masih memamah harta secara batil dan haram sedang gaji telah diberikan dengan kadar yang tinggi dan sangat mencukupi, maka ia adalah selaknat-laknat pemimpin,” tulisnya menerusi facebook.
Ahli Parlimen Temerloh itu menambah, gaji yang diberi adalah berbeza keadaannya dari satu segmen penerima dengan satu segmen penerima yang lain.
“Contoh gaji seorang guru adalah 100 peratus kembali kepada guru kecuali potongan wajib seperti KWSP atau cukai pendapatan dan sebagainya berbeza dengan gaji seorang wakil rakyat khususnya wakil rakyat pembangkang, sebahagian besar gajinya terpaksa diguna untuk menjalankan tugas rasmi sebagai wakil rakyat seperti kos pusat khidmat, bantuan fakir miskin, aktiviti ziarah, kenduri kendara, sakit mati dan sebagainya,” ujarnya. - Harakahdaily
UMNO is a corrupt n dishonest party with dishonest and corrupt members with no integrity who are LIARS. They are afraid of literally everything from Anwar, LKS, DAP,to the Allah word, Bersih, Comango to ashes and even their own shadows. If one is honest and sincere and upright, one has nothing to fear
Posted by fairjimmy > Dec 2, 2013 09:41 AM | Report Abuse
UMNO is a corrupt n dishonest party with dishonest and corrupt members with no integrity who are LIARS. They are afraid of literally everything from Anwar, LKS, DAP,to the Allah word, Bersih, Comango to ashes and even their own shadows. If one is honest and sincere and upright, one has nothing to fear
I totally agreed with you brother fairjimmy. With such a lousy UMNO/BN government, our beloved Malaysia is becoming a laughing stock of the world. I wonder why there are so many UMNO Malay supporters who really tak malu. But the REAL NON-UMNO Malay suppporters knows the REAL TRUTH.
The many UMNO Malay supporters here are really the stupid ones & even posts here that speaks the truth, they will stupidly flag it think that they are really smart in this way...what pure idiotracy indeed.
Posted by whizzkid125 > Dec 2, 2013 11:01 AM | Report Abuse X
The many UMNO Malay supporters here are really the stupid ones & even posts here that speaks the truth, they will stupidly flag it think that they are really smart in this way...what pure idiotracy indeed.
Our Beloved Malaysia is going to the rocks and all these many UMNO Malay supporters here knows is to flag members posts., haahaahaa...what stupidity of the highest order indeed. Please carry on flagging members post and then call yourself "stupid idiot of the highest grade" hohohoo
Posted by whizzkid125 > Dec 2, 2013 11:01 AM | Report Abuse X
The many UMNO Malay supporters here are really the stupid ones & even posts here that speaks the truth, they will stupidly flag it think that they are really smart in this way...what pure idiotracy indeed.
Our Beloved Malaysia is going to the rocks and all these many UMNO Malay supporters here knows is to flag members posts., haahaahaa...what stupidity of the highest order indeed. Please carry on flagging members post and then call yourself "stupid idiot of the highest grade" hohohoo
Posted by fairjimmy > Dec 2, 2013 11:52 AM | Report Abuse
Brother whizzkid125. could not agree with you more. Mariam Mokthar wrote an article with an accurate analogy comparing Malays and Siti aishah
Brother fairjimmy, and after our Beloved Malaysia had gone down the drain, these UMNO Malay supporters will blame it on others like "it's all Anwar fault, blame it on Anwar". But the really thinking NON-UMNO Malay supporters really hold their heads high & these are the true Malays who really care for our Beloved Malaysia & are fighting hard to save our beloved country but definately NOT THESE UMNO MALAY SUPPORTERS including the stupid ones here to just do nothing to save our Beloved Malaysia but doing stupid or idiotic things like flagging members post, hahaha
Posted by whizzkid125 > Dec 2, 2013 12:36 PM | Report Abuse
Posted by fairjimmy > Dec 2, 2013 11:52 AM | Report Abuse
Brother whizzkid125. could not agree with you more. Mariam Mokthar wrote an article with an accurate analogy comparing Malays and Siti aishah
Brother fairjimmy, and after our Beloved Malaysia had gone down the drain, these UMNO Malay supporters will blame it on others like "it's all Anwar fault, blame it on Anwar". But the really thinking NON-UMNO Malay supporters really hold their heads high & these are the true Malays who really care for our Beloved Malaysia & are fighting hard to save our beloved country but definately NOT THESE UMNO MALAY SUPPORTERS including the stupid ones here to just do nothing to save our Beloved Malaysia but doing stupid or idiotic things like flagging members post, hahaha
---------------------
Totally agreed with brothers fairjimmy & whizzkid125. I presume there are people who know no shame at all. Perhaps it's their parents who never teaches them this, lol
PETALING JAYA: Transparency International (TI) Malaysia has lauded the pay hike for Selangor elected representatives, saying it will deter corruption among the leaders and put pressure on them to be more productive.
Its secretary-general Dr Loi Kheng Min said while being well-paid did not equate zero corruption, it helped to discourage leaders from taking bribes.
“However, more importantly, there should be an open government policy which includes asset declaration.
“If you are so highly-paid, then you must show that you are deserving of the salary and do a good job,” he said when contacted yesterday.
Dr Loi suggested that local councillors be given a pay hike too as they dealt directly with the people.
It was reported that the state assembly had on Wednesday approved the salary increases, which will among others, see the Selangor Mentri Besar earning RM29,250 a month from RM14,175 while an assemblyman’s pay will be raised from RM6,000 to RM11,250 a month.
Council of Former Parliamentarians Malaysia president Tan Sri Abdul Aziz Abdul Rahman proposed that all states implement uniform salaries for elected representatives so that there would not be any discrepancies.
“There should not be any arbitrary increases. Now it seems like each state is trying to outdo each other.
“Salaries of all state leaders should be the same to avoid dissatisfaction among those who earn less,” he said, adding that assemblymen in each state had similar duties.
Asli Centre of Public Policy Studies chairman Tan Sri Ramon Navaratnam said the pay hike in Selangor was acceptable seeing that wages had not been adjusted for a long time, but the quantum was too high.
“The state government should have consulted the people on this as the move seems to be arbitrary. They are making the same mistake as the Kuala Lumpur City Hall which had not consulted the people before increasing assessment rates,” he said.
Penipu Rakyat always tipu rakyat lor...penang air naik,kelantan air naik,selangor tax naik..semua naik lo..dont worry all adun PR get more money..so suportter PR harus minta PR support what BN naik..anwar claim 1 year 15 juta ma..minta sikit la..
Posted by whizzkid125 > Dec 2, 2013 03:44 PM | Report Abuse X
One more thing....these UMNO Malay supporters here are at times cocky.
...
let's see when UMNO makes our country bankrupt, these UMNO Malay supporters here CAN BE COCKY OR NOT and let's see if they can find a job in Indonesia or not when they are out of jobs then, haahaahaa
Posted by whizzkid125 > Dec 2, 2013 03:52 PM | Report Abuse X
Posted by whizzkid125 > Dec 2, 2013 03:44 PM | Report Abuse X
One more thing....these UMNO Malay supporters here are at times cocky.
...
let's see when UMNO makes our country bankrupt, these UMNO Malay supporters here CAN BE COCKY OR NOT and let's see if they can find a job in Indonesia or not when they are out of jobs then, haahaahaa
-------------------
and I doubt that Indonesia will employ them & by that time I will have the best laugh, haahaha ...so carry on being cocky lah.lol
There is a book just out written by Mustafa Aktol, a turk entitled "Islam without Extremes". He tells muslims not to be cocky and the muslims to embrace democracy and liberlism to move forward as part of the international community
Inilah dia...BR1M yang kerajaan bagi dua tahun lepas secara AUTOMATIK dikebas balik. Hoi Pengundi BN, rasa sakit tak? Kami, pengundi perubahan, dah rasa macam nak lempang muka kamu yang buta menyokong kerajaan yang BODOH.
BAGI MENGELAK PENYAKIT JANTUNG KERAJAAN UMNO/BN TERPAKSA MENAIKAN TARIF ELEKTRIK SEBANYAK 15%. TAHNIAH LA KEPADA SIAPA YANG MENGGUNDI UMNO/BN DALAM PRU13 BARU BARU INI,.....KAHKAHKAH......... KURANGKAN PENGGUNAAN ELEKTRIK BAGI MENGELAK PENYAKIT JANTUNG......KAHKAHKAH......
Tarif elektrik naik 15%
3:05PM Dis 2 2013 Tarif elektrik di Semenanjung Malaysia naik sebanyak 14.89 peratus atau 4.99sen setiap kilowatt, menjadikan harga baru untuk sekilowatt 38.53sen.
Harga semasa 33.54 sen sekilowatt.
Di Sabah dan Labuan pula, kadar baru naik sebanyak 16.9 peratus atau 5 sen daripada kadar semasa 29.52 sen/kWj kepada 34.52 sen/kWj.
NONEKedua-dua kenaikan itu berkuatkuasa 1 Januari 2014, umum Menteri Tenaga, Teknologi Hijau dan Air Datuk Seri Maximus Ongkili (kanan) petang ini.
Sebelum ini, Tenaga Nasional Bhd meminta dagangan sekuritinya di Pasaran Utama Bursa Malaysia Securities Bhd digantung mulai 2.30 petang hingga 5 petang hari ini.
Penggantungan dua jam setengah itu dilapor sementara menunggu pengumuman utama syarikat tersebut hari ini, kata gergasi utiliti itu dalam kenyataan kepada Bursa Malaysia hari ini.
Dalam sidang medianya di Parlimen hari ini, Maximus berkata, kerajaan akan terus memberi subsidi kepada pengguna domestik di Semenanjung, Sabah dan Labuan bagi penggunaan bawah 300 kWJ sebulan.
Katanya, demi melindungi kebajikan pengguna domestik, terutamannya golongan berpendapatan rendah, kerajaan memutuskan tidak menaik tarif elektrik kepada 70.67 peratus atau 4.56 juta pengguna daripada keseluruhan 6.45 juta pengguna di semenanjung.
"Kerajaan akan terus membantu dengan memberikan rebat kepada pengguna-pengguna yang bil elektriknya berjumlah RM20.00 dan ke bawah sehingga 31 Disember 2014.
"Pada keseluruhannya, ekoran daripada pelaksanaan tarif baru ini, kerajaan masih perlu menanggung jumlah subsidi melalui pelepasan hasil peroleh gas asli sebanyak RM14 bilion setahun bagi semua pengguna elektrik di Semenanjung Malaysia, yang mana RM2.4 bilion setahun adalah khusus untuk pengguna domestik di bawah 300kWj sebulan.
"Manakala bagi Sabah dan Labuan angka ini mencatat jumlah sebanyak RM570 juta setahun di mana RM155 juta setahun adalah bagi kategori pengguna yang sama," katanya.
Dengan semakan tarik elektrik di Sabah dan Labuan, Maximus berkata, kerajaan bersetuju memperuntukkan bantuan kewangan sebanyak RM1.812 bilion dalam bentuk geran.
Katanya, ia tujuan untuk pelaksanaan projek pengukuhan infrastruktur baru yang kritikal termasuk Projek Talian Penghantaran Southern Link serta projek-projek kritikal perhubungan bagi tahun 2014 hingga 2016.
"Selain daripada bantuan tersebut, kerajaan juga sebelum ini telah memperuntukkan bantuan kewangan sebanyak RM230.6 juta bagi tempoh 2013-2014 untuk pembiayaan projek-projek pengurangan SAIDI (System Averange Interruption Duration Index) di seluruh Sabah," katanya.
News Electricity tariff up 15% in Peninsular, 16.9% in Sabah
Published on 02 December 2013 16:42
The electricity tariff in Peninsular Malaysia will be raised by 15 percent, 4.99sen per kilowatt, bringing the new cost to 38.53sen. Meanwhile, Sabah and Labuan see an increase in electricity tariff of 5sen.
Wacana Anak Muda Malaysia "Anak Muda & Masa Depan Politik Negara" Bersama pimpinan muda Pakatan Rakyat YB Nurul Izzah Anwar, YB Ong Kian Ming & Suhaizan Kayat bertempat di KLSCAH, Jln Maharajalela, KL. (http://goo.gl/maps/iVn2Z)
Dewan Canselor TATI University College runtuh? Mungkin Negeri Terengganu perlu buat kajian muka bumi, mahasiswa dalam bidang geologi dialu-alukan untuk jadikan tajuk tesis. Selamat berkajian!
Tak sampai 1 tahun siap, runtuh dan terus runtuh. Sebelum ni siling asrama ketiga runtuh. Aduhai nasib orang terengganu, lokaliti kolej berhampiran kediaman MB di dun kijal. Mad Id nelang.
Opposition Leader Anwar Ibrahim has questioned why senior lawyer Muhammad Shafee Abdullah had remained silent despite having information of alleged graft in the Batu Puteh territorial dispute. Referring to claims of "funds" changing hands following the loss of Batu Puteh to Singapore, Anwar said Shafee's silence casts doubts over whether he is fit to represent the government in Anwar's sodomy trial.
'Top Umno leaders in the government do not need any pay rise. The kickbacks, commissions and rent-seeking are probably already making them multi-millionaires.'
The PM simply talks nonsense. Picking on the Selangor speaker's new pay as comparison with his own pay is a poor move. In the first case official salaries of BN government leaders have always been shrouded in mystery.
I am quite sure that YB Hannah Yeoh's salary will not enable her to control a bank such as CIMB or any other bank until her retirement from politics. I urge fellow Selangor voters and people of Pulau Pinang to continue to show faith in your leaders. I am confident like me, you are not petty minded.
just look at that useless Umno crony, the CEo of syabas. how much is he getting? Something like RM 300k a month for pathetic water services. Is anyone saying that the MB/CEO of selangor has less tasks and responsibilities than a stupid CEO of syabas? Come lets be fair
dont forget to look ioi berhad. company link to anwar and PR uselesss .also look KPS. How much crony PR get free share and money to them..Do you forget SAAG, chaiman is PR link....How much they get when SAAG share from 20.cen to RM13...
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Posted by camrybenz88 > 2013-11-30 14:06 | Report Abuse
A good state government who care for the Penang people. PR to provide 30% interest free loan for SOS Athi Shankar | November 30, 2013 But applicants will have to first secure a loan for the remainder amount from commercial banks. GEORGE TOWN: Penang Pakatan Rakyat government would provide a 30% loan without interest for the Shared Ownership Scheme (SOS) soon to enable low income earners own affordable homes. Disclosing this at the Penang legislative assembly yesterday, Chief Minister Lim Guan Eng (DAP – Air Putih) said the 30% loan would top up the 70% bank loan secured by house buyers, who could not obtain 90 or 100% loan from commercial banks. For a start, eligible low-cost home buyers can buy a townhouse unit in Taman Sungai Duri Permai, Sungai Duri with a 30% interest-free funding from state government. Each applicant needs to secure a 70% housing loan from commercial banks while the balance 30% loan would be provided by the state government . The applicants need to repay the state loan without any interest charged. The state government would purchase 104 units in Taman Sungai Duri Permai and resell each unit for RM38,000 to eligible buyers. Lim said the state government decided to introduce the SOS after it found that the Finance Ministry’s Housing Credit Guarantee Scheme had failed to help the lower income group to secure full bank loans to buy affordable houses. House-buyers have to first register with the state’s housing department to purchase the Taman Sungai Duri Permai units and their applications vetted for eligibility. Penang is the first state in the country to introduce SOS. http://www.freemalaysiatoday.com/category/nation/2013/11/30/pr-to-provide-30-interest-free-loan-for-sos/