KUALA LUMPUR: Putrajaya is on track to hit its target of constructing half a million affordable homes under the 12th Malaysia Plan, says Nga Kor Ming.
"As of Tuesday (April 29) we have built 468,000 units, which is about 95% (of the goal)," said the Housing and Local Government Minister.
He said that in June, Prime Minister Datuk Seri Anwar Ibrahim will launch the biggest affordable housing project in Penang with over 80,000 units.
He also said the Bandar Madani project, expected to be launched at the end of the year, will feature some 13,000 units.
"With this, the target will be achieved," he said at the ground-breaking ceremony of the Rumah Belia Madani and Rumah Mampu Milik project developed by BMG Global Sdn Bhd in Batu on Tuesday.
Nga said the homes developed by BMG Global would be equipped with solar panels, a mosque named after the late domestic trade and cost of living minister Datuk Seri Salahuddin Ayub and Madani stalls.
"After the project is completed successfully, the company will hand over 1,048 units costing RM115mil to the government for free," he said, adding they would set a reasonable rental rate of RM1 per square foot for each house.
Nga said BMG Global bagged the project through an open tender project, beating out bids from 10 companies.
The company will develop 1,996 units of affordable housing and 1,048 units of Rumah Belia Madani in Kuala Lumpur.
