The Federal Territories Ministry plans to create a package that will benefit developers in terms of reducing cost and be time efficient when constructing affordable houses for the people.
Its minister Datuk Seri Tengku Adnan Tengku Mansor said this initiative was to encourage more developers to start building affordable houses especially on their own land.
He said he understood the challenges faced by developers in building affordable houses especially when dealing with construction consultants, engineers and utilities which could cost a lot of money and time consuming.
"We are having discussion with consultants, architects, engineers, on how to come out with a package that will benefit developers to build affordable houses.
"Because the problem we have now is land, land to build affordable houses in the city," he told reporters after launching the Seri Wahyu Residency Federal Territories Affordable Houses (RUMAWIP) project here today.
Seri Wahyu Residency consists of one tower of 660 units priced at RM300,000 per unit with a built-up area of 805 sq ft that includes three rooms and two bathrooms.
The development will feature various facilities such as swimming pool, children's playground, gym and a multi-purpose hall.
RUMAWIP is the Malaysian government's initiative to build 80,000 affordable housing units throughout Kuala Lumpur, Putrajaya and Labuan by the year 2020.
Single individuals with monthly income of less than RM10,000 or married couples with a combined income of less than RM15,000 are entitled to register for the project.
Tengku Adnan said currently a total of 52,562 RUMAWIP units were successfully launched since last year across the Federal Territories.
When asked if the ministry would follow the initiative of 1Malaysia People's Housing Project (PR1MA) to shorten the moratorium period from 10 years to five years, Tengku Adnan said: "no for the time being".
He added that the difference between PR1MA and RUMAWIP was that RUMAWIP houses are mostly located in the prime area of the city and was concerned property agents would manipulate the situation.
-- BERNAMA
Bernama
Wed Mar 29 2017
Tengku Adnan said currently a total of 52,562 RUMAWIP units were successfully launched since last year across the Federal Territories.
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.