OWNING a house can be an expensive dream for some, especially in the city where property prices have skyrocketed beyond the reach of the working class.
For some 1,514 individuals though, the dream just became a reality after they received the key to their units in Residensi Kepongmas built under the Residensi Wilayah scheme.
Each unit has three bedrooms and two bathrooms and comes with one parking bay.
The units were priced between RM188,000 and RM198,000.
Federal Territories Minister Khalid Abdul Samad said the apartments’ strategic location provides residents with easy access to major road links such as the Middle Ring Road 2 (MRR2) and Jalan Kuching.
He hoped residents would use the adjacent Kepong Metropolitan Park for recreational and social activities.
He said the project, which was completed nine months earlier than scheduled, was in line with the government’s efforts to provide 1,000,000 units of affordable housing within 10 years.
“We also have a target of 8,000 units of affordable housing to be built in the Federal Territories, including Labuan, annually, ” he added.
Khalid said he hoped that with more affordable housing available in Kuala Lumpur, it would reduce traffic congestion and enable residents to get to their workplaces more easily.
“Many individuals are unable to afford a house in the capital city, so they have to buy one in the suburbs.
“This leads to a massive influx of vehicles and commuters into and out of Kuala Lumpur during peak hours when people travel to and from work.”
Khalid acknowledged, however, that not all applications for the scheme were successful because the individuals’ loan applications had been rejected by banks.
“Banks will not approve loans that they consider high-risk. In view of this, the government outlined some efforts in Budget 2020 to help housebuyers secure a loan, ” he said.
New houseowner Mohd Afizal Amrah, 34, was elated to receive the key to his apartment after waiting for two years.
“I found out about the Residensi Wilayah scheme and decided to register. I plan to instal kitchen cabinets before moving in, ” he said.Another unit owner Rick Chan, 33, said he bought the apartment because of its location in the city.
“I used to live in Klang and it was far from my workplace. My new home is nearer to my office, ”
Mother-of-two Mahafiza Maroh, 40, said: “This location is strategic because it is near the Kepong MRT station, which means I can take public transport to work.”
The key presentation ceremony also saw a lucky draw whereby 15 residents received a cash rebate of RM9,000 for home renovation.
Also present at the event were Kepong MP Lim Lip Eng, Federal Territories Ministry deputy secretary-general (management and socioeconomic) Datuk Rosida Jaafar and Aset Kayamas director and chairman Tan Sri Chai Kin Kong.