The Housing and Local Government Ministry will seek additional funding for affordable housing on top of the RM900mil approved under Budget 2025, owing to high demand.
Minister Nga Kor Ming told the Dewan Rakyat on Wednesday (Feb 19) that the initial allocation was for 48 People's Residency Programme (PRR) projects and 14 Rumah Mesra Rakyat (RMR) projects.
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Minister Nga Kor Ming told the Dewan Rakyat on Wednesday (Feb 19) that the initial allocation was for 48 People's Residency Programme (PRR) projects and 14 Rumah Mesra Rakyat (RMR) projects.
Read more at https://tinyurl.com/hkf3fdar
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Thank you, Mr. Speaker.
00:02My question is this.
00:04Many people who come to us in Musa'imat say that they have asked for it, but they have not received it,
00:11or it is too late, and so on.
00:14Can you tell us what are the factors of the failure of this request,
00:20and how many percent have failed in this request? Thank you.
00:27I refer to a respectful question.
00:29Whether it is a request from the people of Musa'imat,
00:32or a request from the Household Credit Guarantee Scheme,
00:35if the people of Musa'imat, this is a very popular product,
00:40because it is bought with a very large subsidy,
00:44where each house of Musa'imat is built with a cost of Rp 75,000,
00:50but the buyer or the people only pay Rp 55,000.
00:54In other words, each house of Musa'imat, the government has given a subsidy of Rp 20,000 for each house.
01:02Therefore, based on the incentives that have been offered,
01:07this is a very interesting offer, and it has caused a long waiting list.
01:13Therefore, KPKT is eager to request for more,
01:18so that this year we can offer more houses to the people of Musa'imat,
01:23to the landowners, and for us to help.
01:28For the SJKP scheme, as I have explained,
01:31Rp 76,000 has received a subsidy from the government guarantee,
01:38with a very high amount of guarantees, which is Rp 17.6 billion.
01:44So that when financial institutions provide loans,
01:49they are not worried because the loan is guaranteed by the government.
01:54Therefore, I request that you help KPKT to promote the products, initiatives,
02:01and the foundations of our people,
02:04so that we can protect and defend the welfare of the people.
02:10That's all. Thank you.
02:13www.kpkt.org