affordable house

Datuk Seri Anwar Ibrahim said the govt will not pay attention to opposition of the elite against construction of affordable houses.

PM Anwar Ibrahim said the need to set such a condition so that there would be more affordable houses to meet the needs of the poor.

Reezal said that Malaysia's National Affordable Housing Policy will see about 500,000 affordable houses to be built by 2025.

Zuraida Kamaruddin said in this regard the government has identified 27 sites to be developed for PR1MA affordable houses outside of Selangor and Kuala Lumpur.

The study is being carried out in line with the announcement of the PLI and the new classification of households by the government.

So far, a total of 83,759 units under the Public Housing Project had been completed nationwide for the less affordable group, while another 25,000 units were still in various stages of implementation.

The initiative to provide affordable houses for the citizens of Federal Territories was progressing well and the ministry could possibly build more than the initial target of 80,000 units.

From January to May 2017, commercial banks approved over RM25.7 billion and disbursed in excess of RM24.6 billion in loans for the purchase of residential property.

He could not understand the objective of the state government to build houses that are priced higher when the demand for houses priced below RM100,000 is still high.

This was evident when the government led by BN provided quality and affordable houses through the programme and at the same time expanded the assets and wealth of the people.

The agreement was reached in a meeting between Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor and Cuepacs at the ministry here today.

Housing developers in the state undertaking projects of two hectares or less are not required to build affordable houses worth RM80,000 per unit as stipulated in the Negeri Sembilan housing policy.

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.

Developers should also be given incentives to encourage them to build more affordable houses, Matrix Concepts says.

It is a welcome news for people looking for affordable houses as 3,855 more units of Rumah Aspirasi Rakyat costing RM744 million will be built in six towns nationwide.

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