Over 300,000 affordable homes built nationwide until June 2024


IPOH: A total of 346,417 affordable housing units have been built as of June 30, 2024, accounting for 69.3% of the target of 500,000 units under the 12th Malaysia Plan (12MP).

Housing and Local Government Ministry secretary-general Datuk M Noor Azman Taib, said this achievement is due to the collaboration of federal housing agencies, state governments and private developers, with the PR1MA Malaysia Corporation being the key contributor.

"To foster a prosperous, harmonious, and safe community with access to public facilities, the National Affordable Housing Policy aims to provide quality affordable homes nationwide by 2028.

"All stakeholders, including the federal government, state governments and property developers, must work together to ensure a balanced property market and promote affordable housing," he said at the launch of the Giga PR1MA Homes event at Bulatan Sultan Azlan Shah here on Sunday (Sept 29).

M Noor Azman added that PR1MA has 88 projects nationwide at various construction stages, totaling 54,137 units, of which 40,686 have been sold as of August 30 this year.

"In Perak, there are 15 PR1MA projects with 7,631 residential units and 679 units ready for sale.

"The Giga PR1MA Homes campaign is one of the largest home ownership initiatives, offering 2,785 residential units, including 679 units in Perak," he said.

He added that the campaign would increase public awareness of PR1MA projects and facilitate housing financing with special incentives, making PR1MA homes both affordable and appealing. – Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Two arrested over podcast allegedly touching on 3R issues
Motorcyclist killed in three-vehicle crash on LDP
Malaysia, Singapore to strengthen labour cooperation, gig worker protection
Cabinet gives Home and Transport ministries two weeks to submit airport security plan
Cambodia and Malaysia look to deepen defence cooperation
Chinese, Tamil vernacular schools to receive funding boost, says PM Anwar
Man nabbed for sexually assaulting his two kids
Ismail Sabri has pacemaker implanted at IJN, says lawyer
Selangor Speaker to summon assemblyman, verify eligibility
MACC questions ex-CFO over RM370mil share purchase for fourth day

Others Also Read