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Posted Date: July 02, 2013 12:00:00 AM, By:
KPHP To Build 20,000 Affordable Homes Within 4 Years


PUTRAJAYA: Koperasi Pembangunan Hartanah Putrajaya Bhd (KPHP) will develop 20,000 units of 1Malaysia affordable houses within four years.

Its Chairman Datuk Mohd Nazrul Arsad said the first phase, involving 20 projects to build 10,000 housing units, was scheduled for completion in two years while another 10,000 units would be built two years later.

"This represents the cooperative's initiative to provide affordable housing for the rakyat, and the development of the 20,000 housing units is part of the one million affordable homes promised by the government," he said.

He said this to reporters after the launch of 1Malaysia Affordable Housing by Deputy Finance Minister Datuk Ahmad Maslan here on 1 July.

"At present, we have started building in Pahang and Terengganu involving 3,000 houses in each state," Mohd Nazrul said.

He said the development projects would involved all states including areas in major towns as well as rural areas, and currently, some of the land approvals for the projects had been obtained while the rest were still in the process of getting approvals.

Mohd Nazrul said the development would comprise terraced houses and semi-detached houses, each measuring 1,000 sq ft and 850 sq ft and consisting of three bedrooms and two bathrooms.

"The houses are priced at about RM80,000 to RM150,000 and we feel that the pricing is suitable for the rakyat and the cooperative," he said.

He said currently only two banks - Bank Simpanan Nasional and Bank Islam - are cooperating with the cooperative and hoped other banks would come on board to collaborate in the project in the future.

- BERNAMA

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Tags: 1Malaysia Affordable Housing, Koperasi Pembangunan Hartanah Putrajaya Bhd

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Posted Date: July 02, 2013 12:00:00 AM, By:
Government Ready To Assist People To Own Homes


PUTRAJAYA: The government is ready to assist those who are yet to own homes through the scheme managed by Syarikat Jaminan Kredit Perumahan Bhd.

Deputy Finance Minister Datuk Ahmad Maslan said the company, owned by the Finance Minister Incorporated, will provide the financial guarantee for loans provided by the financial institutions involved in the scheme.

"The financial guarantee will be given to those who do not have a fixed income such as fishermen, taxi drivers and petty traders, to buy low and medium cost homes for the first time through Bank Simpanan Nasional and Bank Islam," he added.

He was speaking to the media after officiating the 1Malaysia Affordable Homes managed by Koperasi Pembangunan Hartanah Putrajaya Bhd here on 1 July.

He said the loans will be given to those earning about RM1,000 monthly with the amount not exceeding RM100,000.

Ahmad hoped the opportunity would be well used by the people.

Meanwhile, he said 1.9 million of 6.3 million households of all income levels, were yet to own their own homes.

"There are also 2.45 million households with an income of less than RM3,000 and of this figure, 1.7 million already owned a home," he added.

"On the other hand, 627,000 families are still renting homes, while 140,000 live in squatter areas or squatting in homes of relatives," Ahmad said.

- BERNAMA

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Tags: 1Malaysia Affordable Housing, Koperasi Pembangunan Hartanah Putrajaya Bhd, Syarikat Jaminan Kredit Perumahan Bhd

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