Budget 2014: RM1.9bil allocated for affordable housing

KUALA LUMPUR: The Government allocated RM1.9bil this year to build 123,000 affordable homes in strategic locations throughout the country by 1Malaysia People's Housing (PR1MA), Syarikat Perumahan Negara Berhad (SPNB) and the National Housing Department.

The Finance Ministry, in its Economic Report 2013/2014 released Friday, said RM500mil was allocated to PR1MA to build 50,000 homes in prime locations across the country and another RM300mil to build 30,000 homes in collaboration with private developers.