30 May 2011

MALAYSIAN NEWS: Affordable housing programme extended to whole country

GEORGE TOWN: The affordable quality housing programme launched under a public-private partnership initiative for urban centres, particularly the Klang Valley, is to be extended to the whole country, Deputy Prime Minister Tan Sri Muhyiddin Yassin said Sunday.

He said Prime Minister Datuk Seri Najib Tun Razak had agreed to extend the programme, aimed at enabling the younger generation to own a house, provided there were suitable sites.

The programme, under the My First Home Scheme, would involve provision of sites by the government and construction of the houses priced at RM220,000 and below by the private sector based on the industrial building system.

Muhyiddin said the government was identifying suitable sites for this social development programme of the federal government.

"For example, in Penang, it is seen that the state government does not have any project to ease the housing problem of the people.

“The federal government is prepared to build the affordable quality houses if there are suitable sites," he told reporters after opening the Bayan Baru Umno divisional delegates meeting, here.

Under the My First Home Scheme launched by the prime minister on March 8, those aged 35 and below with a monthly salary of less than RM3,000, are eligible to buy a house, priced at RM220,000 and below, with 100 percent financing

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