{"id":3629,"date":"2015-02-10T10:21:19","date_gmt":"2015-02-10T10:21:19","guid":{"rendered":"https:\/\/www.propertyempire.com.my\/blog\/?p=3629"},"modified":"2015-03-23T10:22:38","modified_gmt":"2015-03-23T10:22:38","slug":"government-mulls-housing-guarantee-scheme-to-protect-homebuyers","status":"publish","type":"post","link":"https:\/\/www.propertyempire.com.my\/blog\/government-mulls-housing-guarantee-scheme-to-protect-homebuyers\/","title":{"rendered":"Government mulls Housing Guarantee Scheme to protect homebuyers"},"content":{"rendered":"

PUTRAJAYA (Feb 10): The government is mulling the implementation of a Housing Guarantee Scheme to safeguard the interest of homebuyers and developers.<\/p>\n

Wellfare, Urban Wellbeing and Local Government Minister Datuk Abdul Rahman Dahlan said that a corporation would be set up under the proposed scheme, in which the government would take up a 70% stake.<\/p>\n

Meanwhile, the remaining 30% of the stake could be taken up by the Real Estates and Housing Developers’ Association Malaysia (REDHA)<\/a><\/span> or government institutions with funding capability such as Employees’ Provident Fund (EPF)<\/a><\/span> and Lembaga Tabung Haji<\/a><\/span>.<\/p>\n

“Under the proposal, the government would come up with 70% of the initial capital. According to calculation, the basic capital is about RM400 million, and 70% which is RM280 million, to be injected into the corporation,” Abdul Rahman told a press conference after chairing the roundtable discussion on the scheme to get input from the representatives from the Korea Housing Guarantee Co Ltd<\/a><\/span>, industry player and banks.<\/p>\n

The Housing Guarantee Scheme is a scheme to guarantee the housing project’s completion by charging a minimal amount of premium, ranging from 0.5%-1% of the house price, from each transactions. Nevertheless, the government is hoping the developer could absorb the charges in their cost.<\/p>\n

If the housing project is not completed, the corporation would take over the project and complete it, to ensure that the properties are delivered to the buyers, according to Abdul Rahman.<\/p>\n","protected":false},"excerpt":{"rendered":"

PUTRAJAYA (Feb 10): The government is mulling the implementation of a Housing Guarantee Scheme to safeguard the interest of homebuyers and developers. Wellfare, Urban Wellbeing and Local Government Minister Datuk Abdul Rahman Dahlan said that a corporation would be set up under the proposed scheme, in which the government would take up a 70% stake. …<\/p>\n

Government mulls Housing Guarantee Scheme to protect homebuyers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":17,"featured_media":3630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[13],"tags":[126],"uagb_featured_image_src":{"full":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016.jpg",701,520,false],"thumbnail":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016-80x80.jpg",80,80,true],"medium":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016-300x223.jpg",300,223,true],"medium_large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016.jpg",701,520,false],"large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016.jpg",701,520,false],"1536x1536":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016.jpg",701,520,false],"2048x2048":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/IMG-20150120-WA0016.jpg",701,520,false]},"uagb_author_info":{"display_name":"Admin Property Empire","author_link":"https:\/\/www.propertyempire.com.my\/blog\/author\/admin-2\/"},"uagb_comment_info":0,"uagb_excerpt":"PUTRAJAYA (Feb 10): The government is mulling the implementation of a Housing Guarantee Scheme to safeguard the interest of homebuyers and developers. Wellfare, Urban Wellbeing and Local Government Minister Datuk Abdul Rahman Dahlan said that a corporation would be set up under the proposed scheme, in which the government would take up a 70% stake.…","_links":{"self":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3629"}],"collection":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/comments?post=3629"}],"version-history":[{"count":1,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3629\/revisions"}],"predecessor-version":[{"id":3631,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3629\/revisions\/3631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media\/3630"}],"wp:attachment":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media?parent=3629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/categories?post=3629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/tags?post=3629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}