JOHOR BARU: The state government will conduct an indepth study on the Sultan of Johor’s suggestion to set up a specific financial institution called the Bank of Johor to handle housing loan applications from Johoreans.
Mentri Besar Datuk Mohamed Khaled Nordin said that a study would have to be conducted to take into consideration the various aspects including the criteria and guidelines that were set by Bank Negara Malaysia.
He said Sultan Ibrahim Ibni Almarhum Sultan Iskandar’s suggestion which was decreed during the opening of the Johor state assembly sitting here on Thursday was well received by the Johor government.
“On our part, we will refine the matter (suggestion) in a more indepth manner and study its effectiveness,” he said.
Khaled was speaking to reporters after launching the hire purchase scheme and the Johor Religious Islamic Council (MAIJ) transit house at Bandar Seri Alam Flats here on Friday.
Sultan Ibrahim suggested for Johor’s own bank, as there were still many Johoreans who could not buy a house as they had failed to secure housing loans from commercial banks despite Federal and state governments building more affordable homes for the lower income group.
Meanwhile, Khaled also said that the state would expand its hire purchase scheme to achieve its target of providing 5,000 houses to the people by 2018.
He said the government would provide a subsidy of between RM30mil and RM40mil to expand the scheme state-wide soon.