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KPKT: Ceiling Price of Affordable Homes To Be Reviewed

A panel of experts will be set up by the government to review the ceiling price of affordable homes, according to Housing and Local Government Deputy Minister Datuk Seri Ismail Abd Muttalib.

“Currently, the ceiling price of affordable housing is set at RM300,000. It needs to be reviewed as many people are affected and have slipped from the M40 group to the B40 group due to the COVID-19 pandemic,” Ismail told the Dewan Rakyat on Monday (6 December).

During the winding-up debate on the ministry’s budget estimates, he shared that the ministry will also study the proposal to implement the rent-to-own scheme for People’s Housing Project (PPR) homes, to help more people own a house.

 

To date, a total of 34 PR1MA projects involving 26,337 units have been completed, 27 projects involving 20,760 units are under construction, while another 2,264 units are still in the planning stage, said Ismail.

“As for the Malaysian Civil Servants’ Housing project, a total of 164 projects have been completed involving 24,717 units, 65 projects (14,308 units) under construction, and 44 projects (18,309 units) in the planning stage,” he said as quoted by Bernama.

Ismail revealed that Syarikat Perumahan Negara Bhd is monitoring 12 ‘sick’ projects across the country.

 

Of these, two projects – one is located in Gurun, Kedah and another is situated in Batu Gajah, Perak – have obtained the Certificate of Completion and Compliance in stages.

Bernama noted that 21 MPs participated in the debate at the committee level, with the house approving the RM1.7 billion estimated operating expenditure of the ministry following a majority vote.