KUALA LANGAT — November 25, 2016: The government is prepared to build more 1Malaysia People Friendly Homes (RMR1M) because of very encouraging response and the many applications received.
Today, Prime Minister Datuk Seri Najib Razak launched the ‘RMR1M – 10,000 Hasrat Satu Impian’ initiative in Kampung Bukit Changgang here.
When presenting the 2017 Budget last month, Najib had announced that the government would build 5,000 RMR1M units next year.
Najib said that since the RMR1M programme was implemented by Syarikat Perumahan Negara Berhad in 2002, started in 2002, about 36,000 units have been built, with the government providing a direct subsidy of RM20,000 and financing subsidy of about RM11,000.
This means that for every unit that costs RM65,000, the government subsidy is almost half the amount.
The condition for an applicant of the RMR1M home is that the individual must own land.
A successful applicant initially had to pay RM150 monthly but following a revamp of the scheme last year, the repayment was increased to RM230 but with a low interest rate. In 25 years, the applicant will become the owner .
Besides benefiting the low-income people, Najib said the RMR1M initiative benefits Class F Bumiputra contractors, suppliers of building materials and legal firms.
At the event, Najib visited the houses of two owners of the RMR1M homes.
One of them was Sharil Mohd. Sharif, a livestock breeder with a monthly household income of RM1,900, and the other Haizum Mohd Rudin, a school administrative assistant whose monthly household income is RM2,822.
Present at the launch were Urban Well-being, Housing and Local Government Minister Tan Sri Noh Omar, Education Minister Datuk Seri Mahdzir Khalid and SPNB chairman Datuk Dr. Abdul Latiff Ahmad. — Bernama