By Nura V Lorna & Julie Ngadan
KUCHING: Eight firms have been approved as its panel developers by Mutiara Mortgage and Credit Sdn Bhd for its housing development projects throughout Sarawak.
Mutiara Mortgage and Credit Sdn Bhd (Mutiara) chief executive officer Shaharony Mat Nor said six other applications would be processed and more developers will be invited during their coming roadshow.
“The Housing Deposit Assistance Scheme (HDAS) which is managed by Mutiara Mortgage and Credit Sdn Bhd (Mutiara) is a new scheme announced by Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg and is expected to benefit more than 2,500 homeowners.
“HDAS is to help low and middle-income groups to purchase and own houses by providing up to RM10,000 for payment of housing deposits. This scheme is only applicable to affordable housing projects sanctioned by the state government.
“This scheme also applies to owners of land approved by Land and Survey Department, given to them under a village extension scheme (SPK) and resettlement scheme (SPS),” he told New Sarawak Tribune in an exclusive interview on Thursday (Jan 13).
The construction cost is financed by Mutiara through Mutiara Dream Home Financing Scheme (MDHFS). The cost of construction must be between RM90,000 to RM160,000.
Meanwhile, Shaharony said the company (Mutiara) has come up with its own home designs through its own panel contractors.
“Land owners cannot build the house with their own design. Mutiara has appointed panel contractors and approved house designs for MDHFS,” he said.
He said a flexible financing scheme is being offered to the people using a staggered payment approach.
“We will not overlook the capability of home owners to repay the loan so we introduced a staggered payment (approach).
“For the first few years, they only need to pay a reduced amount for the instalments. For the next following years, the amount will be increased accordingly,” he added.