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Najib announces more money for low-cost housing - Najib Razak

Najib announces more money for low-cost housing

By Thursday September 25th, 2008 No Comments

PUTRAJAYA, Sept 25 – Datuk Seri Najib Razak said today that the government government will allocate an extra RM100 million for this year and 2009 into the Perumahan Mesra Rakyat low-cost housing project.

This will enable 1,500 units to be built by the National Housing Company, a fully-owned company of the Finance Ministry.

The project is targeted at families with a monthly income of RM1, 500 or less who will only have to take on two-thirds of the RM70,000-80,000 cost of the house on an interest-free loan payable between 23-29 years.

Read the whole story in The Malaysian Insider

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