KJ & Shahril Say Extending Housing Loans NOT a Solution, Only Benefits Developers

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 KJ & Shahril Say Extending Housing Loans NOT a Solution, Only Benefits Developers
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In recent news, Khairy Jamaluddin was recently crowned 'popular radio presenter' despite not being in the world of politics anymore. The minister-turned-radio

In recent news, Khairy Jamaluddin was recently crowned “popular radio presenter” despite not being in the world of politics anymore. The minister-turned-radio DJ won the award at the 36th Anugerah Bintang Popular Berita Harian .

They explained that the shortage of affordable homes won’t be solved by offering longer mortgages, as it would primarily benefit property developers. “The government should cap how many homes people can purchase for investment, since the market is full of expensive homes that aren’t selling, pushing prices up. Around 60% of unsold homes are high-end properties that most people can’t afford,” Khairy and Shahril added.

“I’m worried it’s just delaying the problem. Developers are probably the ones pushing for this because they benefit. Who gains from this? Developers, of course,” Khairy said.

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