Matrix Concepts Holdings Bhd (MCHB) hopes Prime Minister Datuk Seri Najib Razak would offer more incentives to first-time buyers of affordable homes in Budget 2017.
Chairman, Datuk Mohamad Haslah Mohamad Amin, said developers should also be given the incentives to encourage them to build more affordable houses.
"The demand for affordable housing exceeds supply. However, difficulties in getting financing and unattractive locations have deterred many housebuyers from owning the houses.
"The government must offer opportunities for more people to own houses, especially in terms of ease in getting loans," he told Bernama after Matrix's Golf Tournament Invitation and the visit to its new housing project here Saturday.
He said the state's Affordable Housing Policy, which required housing projects in the state to set 50 per cent for affordable housing, should be extended nationwide.
"This is important for the welfare of the people because we not only build houses but also comfortable homes for people from all walks of life.
"Every developer should play their respective role and don't build affordable housing in a place far from the city," he said.
Mohamad Haslah said the company would launch 3,000 units of affordable houses in Gadong Jaya, Labu, near here, early next year.
"All of MCHB's housing launches, including the Gadong Jaya project, will comprise 50 percent affordable houses," he said.
Meanwhile, Mohamad Haslah said, MCHB's new 17.4-hectare housing project, Residensi SIGC Seremban, which comprised 217 units of bungalows, semi-detached and terraced houses, was expected to be completed by the first quarter of 2018.
"We are confident the units in the resort concept Residensi SIGC are expected to be sold out because of the strategic location and competitive prices," he said.
The project, with a gross development value of RM250 million, will be officially launched early next year. -- Bernama
Bernama
Sat Oct 01 2016
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM
This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film
'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Man charged with mother's murder, storing body in freezer
The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Abolition of examination in schools to reduce pressure on pupils - Fadhlina
The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Google, Meta urge Australia to delay bill on social media ban for children
Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Judge tosses Trump 2020 election case after prosecutors' request
It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
DHL plane crash in Lithuania leaves authorities searching for answers
Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
National squad to hold friendly matches for 2025 Indoor Hockey World Cup
The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
G7 seeks unity on ICC arrest warrant for Netanyahu
The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend
A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
TikTok decision coming soon as Jan. 19 divestment deadline looms
Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce
In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
PM meets chaebol tycoon to attract more FDI to Malaysia
Chaebols are prominent figures from South Korea's family-owned conglomerates.
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry
The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Ringgit opens lower as greenback gains ground
Dr Mohd Afzanizam says the market responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department.
Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today
Also among the highlights, UNICEF report on 12.3pct of teenagers in Klang Valley's PPR face mental health issues and suicidal tendencies.
UN Resolution 1701, cornerstone of any Israel-Hezbollah truce
Here are the resolution's main terms, and a note about subsequent violations and tensions.
Record aid worker deaths in 2024 in 'era of impunity', UN says
So far this year there have been 281 aid worker victims, according to the Aid Worker Security database.
Why India's toxic farm fire counting method is disputed
Here's how India counts farm fires - a major contributor to severe pollution in the north - and why its method is being questioned.
Divisions on curbing plastic waste persist as UN treaty talks begin
South Korea is hosting the fifth and ostensibly final UN Intergovernmental Negotiating Committee (INC-5) meeting this week.