To enable more middle-income earners to own a house, a piece of land has been identified in the Federal Territory (FT) for a project to build houses that cost below RM200,000 each.
Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said the project is still in discussion and his ministry was now discussing with the FT Land and Mines Department on the housing project.
“We have the land and will ask the developer to build as many houses costing below RM200,000,” he said after witnessing the balloting for units of the Federal Territory Affordable Housing Project (RUMAWIP), Residensi Pandanmas 2, Kuala Lumpur.
Without stating its location, he added the type of housing, the size of units and name of the housing project had not been decided yet but would be announced soon.
“The selected developer for the project must have a good record and the financial capacity to carry out the project to ensure it could be completed on time,” said Tengku Adnan.
The project was mooted by Prime Minister Datuk Seri Najib Tun Razak who wished to see Malaysians of all levels in society to at least own a house each.
Tengku Adnan also said that his ministry had between October 2013 and October this year, approved 23.40 per cent of the projects to build affordable homes at RM300,000 and below each.
The balloting session was for 200 units at Residensi Pandanmas 2 priced as RM300,000 each and expected to be ready in October 2018.
Tengku Adnan said the first balloting session involved 300 units, and 1,720 units more would be offered to eligible FT residents.
- news from Propertyguru.com.my
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