Developers Should Not Provide Housing Loans
The Consumers Association of Penang is strongly against the Urban Wellbeing, Housing and Local Government Ministry’s decision to allow developers to give out loans under the Money Lenders Act 1951 (Amendment ) 2011 . According to the Minister Tan Sri Noh Omar this is a win-win situation. With all due respect, there is only one obvious winner from this scheme and that is the developer. After all...
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