Abang Johari: Sarawak govt sets aside RM40 mln per year to assist B40 homebuyers, equivalent to deposits for 4,000 homes

Abang Johari (seventh left) and others taking a group photo during the Sheda Annual Dinner and Excellence Awards 2022, which was held at BCCK here tonight (Aug 11, 2022).

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By Ashley Sim

KUCHING, Aug 10: Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg highlights that the Sarawak government has set aside RM40 million per year to assist B40 homebuyers, which is equivalent to deposits for 4,000 units of housing.

Abang Johari stated this tonight during the ‘Sarawak Housing and Real Estate Developers’ Association (Sheda) Annual Dinner and Excellence Awards 2022’, which was held at the Borneo Convention Centre Kuching (BCCK) here.

“The government also offers B40 homebuyers a RM10,000 down payment that they do not have to repay.

“The assistance, as well as loan for purchasing is processed by the Mutiara Mortgage and Finance (MMF).

“For this, the government has set aside RM40 million every year to help B40 homebuyers, which is equivalent to deposits for 4,000 units of homes,” he said.

The Premier went on to say that MMF, a State-owned financing agency, also offers loans to B40 homebuyers at a one per cent interest rate.

“Where can you get this kind of financing? Only the Sarawak government can afford to do so.

“This means that B40 homebuyers can get RM10,000 for free as a downpayment, while the balance can be loaned from Mutiara at one per cent interest,” he added.

He noted that when people are able to buy houses, the real estate industry will boom because there will be a ready market.

“This is how we intervene when the property sector is experiencing difficulties due to the unstable economic situation, which causes people to think twice about purchasing a home.

“I will continue to provide this assistance to the B40 group as long as I am your Premier,” Abang Johari acknowledged.

Among those present at the event was Deputy Premier of Sarawak Dr Sim Kui Hian. — DayakDaily