Call to reviewhome loan criteria


Joint request: Jagdeep (in grey coat) receiving a letter from Rehda Penang deputy chairman Ng Han Seong. Present are (from left) Penang Malay Chamber of Commerce vice-president Raja Rizal Kamrul Abdullah, Penang Indian Chamber of Commerce president Datuk N. Gobalakrishnan, Penang Chinese Chamber of Commerce vice-president Datuk Finn Choong with secretary Datuk Loh Eng Wee and Fiabci Malaysia vice-president Michael Geh.

GEORGE TOWN: Three chambers of commerce and two development associations here have joined forces with the state government in urging Bank Negara Malaysia to review its criteria for house loans for first-time home owners.

The five parties are Real Estate and Housing Developers Association (Rehda) Penang, International Real Estate Federation (Fiabci) Malaysia, Penang Malay Chamber of Commerce, Penang Chinese Chamber of Commerce and Penang Indian Chamber of Commerce.

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