Budget 2023: Govt needs to focus on issues of high interest rates, unsold houses

KUALA LUMPUR: The government is urged to give priority to solving the issue of high housing loan interest rates as well as dealing with the problem of unsold houses in the 2023 Budget which will be tabled on Oct 7.

Lecturer at the Faculty of Human Ecology in Universiti Putra Malaysia Prof Dr Ahmad Hariza Hashim said that for the present time, the interest rate charged to borrowers, especially the B40 group, is seen to be very high, even the sale of houses such as the People's Housing Programme (PPR) is still expensive and beyond the means of the group.