KUALA LUMPUR: The government has provided up to RM20bil in housing financing guarantees through the Housing Credit Guarantee Scheme (SJKP) to assist 80,000 first-time homebuyers, particularly self-employed individuals without fixed income.
Prime Minister Datuk Seri Anwar Ibrahim said almost RM1bil has also been allocated for housing projects such as Rumah Mesra Rakyat and the People's Residency Programme (PRR), including four new projects in Kulai, Johor; Nilai, Negri Sembilan; Paya Rumput, Melaka; and Pertang, Terengganu.
""Bandar Madani Bukit Jalil will be developed as a residential area equipped with various facilities, including vertical schools, with registration for the first phase opening this Monday," he said when tabling Budget 2027, themed 'Menggapai di Langit, Mengakar Ke Bumi' (Reaching for the Sky, Rooted in the Ground), in the Dewan Rakyat on Friday (Oct 9).
Anwar, who is also Finance Minister, said the government had agreed to provide 50 acres (20.23ha) of strategically located land in Kuala Lumpur worth RM1bil as a new endowment to the Bumiputra Investment Foundation to strengthen the bumiputra economy and ownership.
He said the land would be developed by Permodalan Nasional Berhad (PNB), taking into account the need for affordable housing and the interests of the bumiputra community.
He added that the government had also gazetted 50 acres of land in Kuala Lumpur as Malay Reserve Land, with PETRONAS beginning development on the first 10 acres to provide affordable housing.
"The government has also agreed to develop nearly 11 acres of government land in Belfield, Kuala Lumpur, to build at least 2,500 Rumah Madani units, with 70% allocated to the bumiputra community," he said. – Bernama
