KUALA LUMPUR, Oct 8 (Bernama) -- Banking institutions were today urged to be flexible to the young whose names are listed on Credit Tip-Off Sdn Bhd (CTOS) and Central Credit Reference Information System (CCRIS) to enable them to get housing loans.
Datuk Idris Haron (BN-Tangga Batu) suggested that the CTOS and CCRIS conditions should not be imposed on them.
"They might have made a wrong move in managing their finances at the outset, as a result their names are listed in CTOS and CCRIS and they are facing problems to secure housing loans. So, I propose the Finance Ministry and banks be flexible with them," he said.
Idris, who is also Syarikat Perumahan Negara Berhad (SPNB) chairman, said in this manner it would not affect the opportunity of the young to invest in a home.
"A house is an immobile property, not mobile property like a car or a motorcycle. It can also be used as collateral. So, if the applicant runs away, the bank can auction the house to recover the amount it lost," he said when debating the 2013 Supply Bill in the Dewan Rakyat.
Furthermore, Idris also suggested that the government introduce a ceiling price to high end housing projects specifically in urban areas to control house prices and prevent speculation on property.
Idris also suggested that the real property gains tax period imposed be raised to 10 years from five to avoid resale of property in a short period of time.
The Dewan sits again Tuesday.
Datuk Idris Haron (BN-Tangga Batu) suggested that the CTOS and CCRIS conditions should not be imposed on them.
"They might have made a wrong move in managing their finances at the outset, as a result their names are listed in CTOS and CCRIS and they are facing problems to secure housing loans. So, I propose the Finance Ministry and banks be flexible with them," he said.
Idris, who is also Syarikat Perumahan Negara Berhad (SPNB) chairman, said in this manner it would not affect the opportunity of the young to invest in a home.
"A house is an immobile property, not mobile property like a car or a motorcycle. It can also be used as collateral. So, if the applicant runs away, the bank can auction the house to recover the amount it lost," he said when debating the 2013 Supply Bill in the Dewan Rakyat.
Furthermore, Idris also suggested that the government introduce a ceiling price to high end housing projects specifically in urban areas to control house prices and prevent speculation on property.
Idris also suggested that the real property gains tax period imposed be raised to 10 years from five to avoid resale of property in a short period of time.
The Dewan sits again Tuesday.
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