Cuepacs proposes consultative council to monitor house prices

MUAR (April 7): Cuepacs, the umbrella group of civil service unions, has proposed that the government set up a consultative council to monitor the hike in house prices, said its president Datuk Azih Muda.

He said the effort must be immediately implemented as the government needs to monitor prices and not just adheres to prices set by housing developers.

Based on complaints received by Cuepacs, he said, 40% of housing loans which civil servants applied for through banks or the Public Sector Housing Financing Board were rejected due to salaries that did not meet the criteria.

“Currently, with skyrocketing house prices, it is as if there is no control on the matter. Thus, if this persists, civil servants or the public with income below RM8,000 will not be able to buy a semi-detached house or even own their unit,” he said.

He told reporters this at the launching ceremony of the Amalgamated National Union of Local Authorities Employees’ triennial general meeting for the Muar Municipal Council and Muar Kospeta Malaysia Bhd here yesterday.

Azih said Cuepacs also hoped that the government would review in detail the reasons for changing the status of bumiputera units and not easily give approval on the excuse that the housing units could not be sold.

He urged the government to set up a new mechanism by studying ways to ensure that bumiputera ownership houses could be sold, especially to civil servants.

This article first appeared in The Edge Financial Daily, on April 7, 2017.

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from TheEdgeProperty.com http://www.theedgeproperty.com.my/content/1114472/cuepacs-proposes-consultative-council-monitor-house-prices

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