Sunday, October 11, 2009

RM35,000 ceiling price for public housing units

KUALA LUMPUR: The ceiling price for the government’s People’s Housing Programme (PPR) and Kuala Lumpur City Hall (DBKL) public housing units will be fixed at RM35,000 per unit, Datuk Seri Najib Tun Razak announced.

The Prime Minister said that this would involve all 44,146 units of houses up for sale. Of these, 29,562 are PPR houses in 20 areas and 14,584 DBKL units in 17 areas.

PPR houses would be sold at RM35,000 a unit while the DBKL ones at between RM21,500 and RM35,000 a unit depending on the number of rooms and size, he said.

“The government won’t sell these houses at market rates which is between RM80,000 and RM85,000 but at prices affordable to the average Malaysian.

“This is a special gift (to them) in line with the 1Malaysia tagline which is ‘People First, Performance Now. On July 11, in marking my 100 days as Prime Minister, I did say I will be announcing several gifts for the people, this is one of them,” he said.

Najib was speaking when launching the sale of PPR houses in Kerinchi here. Also present were Federal Territories Minister Datuk Raja Nong Chik Raja Zainal and Housing and Local Government Minister, Datuk Seri Kong Cho Ha.

Elaborating further, Najib said that following the announcement, forms to purchase the houses would be circulated to those eligible to buy them from Monday.

He said priority would be given to those who have been renting these houses for a long time and whose household income did not exceed RM2,500 a month.

“We expect those who qualify will get their approval letters or the sale and purchase agreement in November or December,” he said, adding that the government would also assist buyers get loans.

“This is also part of the government’s National Key Result Areas (NKRA) and Key Performance Indicator (KPI) initiatives so the average Malaysian gets to live comfortably,” he added. — Bernama

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