PETALING JAYA: A total of 492,360 affordable houses have been built as of March 31 of this year, says Nga Kor Ming.
The Housing and Local Government Minister said that this means that Putrajaya has hit 98% of its target of constructing 500,000 affordable houses by 2025 under the 12th Malaysian Plan.
"Up to March 31 this year, the Madani government achieved 98% of its affordable housing target, with 492,360 units in various phases of construction, including completed, under construction, and in planning throughout the country.
"This commitment is implemented together by the federal government, state governments, and private developers," he said in a written Parliamentary reply dated July 31.
Meanwhile, Nga said the Housing Credit Guarantee Scheme under the Syarikat Jaminan Kredit Perumahan Bhd (SJKP) has approved guaranteed loans totalling RM20.9bil based on 88,507 applications.
"The SJKP allocations have also been increased by RM10bil this year, bringing the total allocations to RM30bil," he added.
Nga also said the government is considering expanding the rent-to-buy scheme for the people’s housing programme (PPR), considering changing trends where buyers are concerned about economic stability.
"The rise in housing prices is due to various factors such as location, construction costs, infrastructure costs, land costs, compliance costs, as well as developer profits," he added.
Nga also mentioned that based on the Basic Amenities Survey report 2022 by the Statistics Department, 76.5% of households in Malaysia own a home, while 20.3% are renting and about 3.3% reside in quarters.
"The Ministry will continue efforts to ensure each resident has access to affordable, quality, and conducive housing," added Nga.
Under the 13th Malaysian Plan unveiled last week, Putrajaya aims to build one million affordable housing units from 2026 to 2035.
