This afternoon I held a Press Conference to announce an additional RM100 million allocation for a social housing project known as “Projek Rumah Mesra Rakyat”. This allocation will enable the construction of an additional 1500 units of houses across the country by Syarikat Perumahan Negara Berhad. It adds to the RM837 Million that the government has already allocated for this scheme up to June this year. The scheme is especially meant to assist those with household incomes of RM1500 or less, who are unable to obtain housing loans, to still to own their own homes. Under this scheme, the eligible applicants would only need to bear two-thirds of the cost of building the house, which is in the form of an interest free loan.
The rest of the cost will be borne by the government. In practical terms, those under this scheme will be able to own their own homes by just paying RM150 per month for the duration of their loan. I am extremely pleased to see the successful implementation of this scheme as it directly benefits low income households. Home ownership is important to all of us and through this scheme those who would otherwise find it extremely difficult to obtain the necessary finances to purchase a home can finally do so. As long as the applicants meet the requirements, they should be able to partake in this scheme. The re-payment of the loans being interest free will not be too much of a burden for them, and ultimately they will own a comfortable home of between 700-1000 square feet. Certainly this would bring stability into their lives and give them a sense of security for their future. To date, 6551 happy owners have received the keys to their new homes under this scheme and by the end of next year, 6263 more units of these Mesra Rakyat homes will be completed.
I always find it extremely rewarding when we are able to roll out such programs for the people. As a politician I believe that the welfare of one’s constituents must remain one’s top priority. This is especially true during periods of difficulty and great challenge. The government is, after all, elected to fulfill the needs and requirements of the people and to consistently and continuously try to improve their lives. As we have been doing for more than half a century, we continue to work towards making life better for all Malaysians. The eradication of poverty remains a key objective that we wish to attain as we move closer to our national aspiration of being a developed nation by the year 2020. I believe this housing scheme is an important element towards that end and as we move forward towards our stated objectives I’m sure we will be able to unveil more such programs for the benefit of all Malaysians.