Quality houses for the people

By Sunday October 16th, 2011 No Comments

PUTRAJAYA: The Government, through several special programmes, has made it possible for many to own quality houses, said the Prime Minister.

Speaking at the balloting process for the first 1Malaysia Housing Programme (PR1MA) project here yesterday, Datuk Seri Najib Tun Razak said it was also the Govern-ment’s responsibility to rein in the socio-economic implications of the urbanisation process.

“People have been rapidly moving from the rural to the urban areas since the 1980s. It is not a negative thing for people to move from the traditional to the modern, from low productivity to high productivity.

“But there are implications that the Government has to handle like the rapid increase in land and house prices in the urban areas to the point of being unaffordable for those who need it,” he told the PR1MA hopefuls before picking out successful applicants for the affordable homes.

Najib said having homes near the city area could also boost productivity, especially for those who worked nearby, by cutting down daily expenditure and transportation costs.

He said the successful applicants would be entitled to the My First Home Scheme set up by the Govern-ment, where the applicants can obtain a 100% loan with zero downpayment.

“Where is there a government that would provide all these facilities for the people this way? If you still are not grateful to the Govern-ment, I then would not know what to say,” he said.

In the first phase of the PR1MA project, more than 7,000 people applied for the 560 apartment units developed by Putrajaya Holdings Sdn Bhd in Precinct 11, which will be sold much cheaper than the market rate.

Successful applicants are picked through a transparent balloting system and will be screened later to see if they meet the project requirements.

The 815sq ft unit worth RM175,000 will be sold at RM120,000, while the 1,006sq ft unit worth RM220,000 will be sold at RM150,000.

The Government has also identified parcels of land in Sungai Buloh and Sungai Besi to be developed under the PR1MA project.

PR1MA chief executive officer Datuk Abdul Mutalib Alias said prices of the apartments were kept low partially through financial assistance by the Government, as well as corporate social responsibility initiatives on the part of the developer.

Source : The Star

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