Owning a house for RM35,000 in the Bandar Universiti Seri Iskandar (Busi) integrated township in Perak will be a dream come true for many families by 2018.
The 99 single-storey terraced houses in the townwhip will feature built-up areas of 700sq ft. With an actual cost of RM175,000 per unit, the homes will be offered to deserving candidates at RM35,000 under the Program Perumahan Rakyat (PPR), or People's Housing Programme.
The affordability is made being possible by listed property developer Hua Yang Bhd joining forces with the government under the PPR.
Hua Yang – the developer of Busi – is the landowner and developer for the PPR project.
Busi, located between Manjung and Ipoh, is about 40km from Ipoh's city centre and is accessible via the Ipoh-Lumut Highway.
The thriving township is surrounded by a host of amenities like schools, universities, banks, hypermarkets, restaurants and shops.
The universities are Universiti Institute Teknologi Mara and Universiti Teknologi Petronas.
Hua Yang has built an impressive track record of building affordable, quality homes in the country since its inception in 1978.
Hua Yang CEO Ho Wen Yan (above) said the PPR project is among many the company is working on with the government, citing schemes like MyHome and the Johor Affordable Housing projects.
Ho says he envisions other ventures of a similar type to provide a conducive living environment for Malaysians.
Hua Yang Chairman and former Housing and Local Government Minister Tan Sri Dr Ting Chew Peh said making quality homes affordable, especially for those in the lower-income group, is an important part of nation building.
He noted that this has always been the government’s way of improving the people’s lives and that Hua Yang shares this ambition.
The PPR in Busi was launched by Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar last month. Also present was Perak Mentri Besar Datuk Seri Dr Zambry Abdul Kadir.
Noh Omar said the criteria of applicants under the PPR schemes includes a monthly household income of not more than RM3,000.