PETALING JAYA: The target of developing 500,000 affordable homes by the end of 2025 as outlined in the 13th Malaysia Plan (13MP) has almost been achieved, says Nga Kor Ming.
The Housing and Local Government Minister said as of June this year, 98.8% or 493,874 affordable houses had been delivered with the remaining 6,126 units expected to be ready by the end of 2025.
As for the Housing Credit Guarantee Scheme, Nga said the scheme hit a historical high as of July 31, 2025 when a total of 93,231 applications were approved with a total financing of RM22.138bil.
"67% of recipients are among home buyers worth RM300,000 and below, in line with the Government's affordable housing agenda. The majority of approvals were given to the B40 group, which is the main target group for this scheme," he said.
He said the National Affordable Housing Council 2025 chaired by Prime Minister Datuk Seri Anwar Ibrahim on Thursday (Sept 18) discussed matters related to affordable housing, particularly on the housing ecosystem from planning to the completion as well as financial accessibility, ownership, rental and management.
He said the government is always committed to ensuring the housing needs of all levels of society, especially the B40 and M40 groups without compromise.
"The ministry is also actively implementing engagement sessions for the drafting of new acts such as the Residential Rental Act and amendments and improvements to existing acts, namely the Housing Development (Control and Licensing) Act 1966 and the Strata Management Act 2013 as well as the Urban Renewal Bill to ensure sustainable, viable and inclusive development," he said.
As for the Rumah Mesra Rakyat programme, Nga said the target would be increased to 10,000 units per year with the collaboration of various agencies, including the private sector, government and NGOs as 13,502 applications for the homes.
The meeting was also attended by chief ministers, state housing executive committee members, Cabinet ministers, private housing developers and representatives of housing provider agencies from both federal and state levels and statutory government sectors.
