News: Perak To Offer RM20,000 Homes For Low-Income Group

Feb 11, 2019

 

The government of Perak has unveiled a new housing policy aimed at helping low-income households within the B40 group acquire a home for as low as RM20,000, reported Bernama.

The new policy will see the state government via the Perak Housing and Property Board fund the construction of affordable homes from development costs imposed on developers following pre-defined terms, said Mentri Besar Datuk Seri Ahmad Faizal Azumu.

“We really want to help the B40 group, especially the bumiputra, to have their own home although it is a bit of a bold decision made by the state government,” he said following the launch of Iskandar University Square (IUS) @ Seri Iskandar Sustainable and Integrated Development Project.

“This policy also needs to be implemented to address the problem of housing developers who suffer losses due to unsold bumiputra quota units in housing projects.”

Earlier in his speech, Ahmad Faizal noted that the growing income gap had contributed to the people’s inability to acquire their own homes.

“We are not talking about the income gap between one race and another, but among the bumiputra themselves,” he said.

“The issue of affordable housing has become complex and it requires a correction of various policies.”

Ahmad Faizal revealed that within seven months that Pakatan Harapan has taken over Perak, the state government had already identified the locations as well as approved the construction of 30,000 low-cost homes, affordable and owner-friendly houses.

 

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Aini Ahmad
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