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Rehda hails plans for more affordable homes in Budget 2018

Datuk Seri FD Iskandar

Datuk Seri FD Iskandar

Syndicated News
Written by Syndicated News

KUALA LUMPUR, Oct 28 2017 : The government’s plans to build more affordable homes as highlighted in the Budget 2018 will help expedite and widen the accessibility of affordable housing to the rakyat.

Real Estate and Housing Developers’ Association Malaysia (Rehda) president, Datuk Seri FD Iskandar, said hopefully this initiative would nudge the rakyat into taking the first step towards home ownership.

Prime Minister Datuk Seri Najib Razak, in tabling the 2018 Budget at Dewan Rakyat here today, said the Perbadanan PR1MA Malaysia would build 210,000 homes costing RM250,000 and below.

“This is the first time PR1MA is going to launch homes with such a price as previously it launched them at between RM150,000 and RM200,000.

“So this time, with the allocation given by the government, we hope PR1MA will concentrate on developing in places where there were strong demand, especially in Klang Valley, Johor and Penang,” he told reporters at the post-Budget 2018 briefing here today.

He also lauded the government’s move for giving due consideration to the inputs and proposals submitted on the stamp duty exemption of the property transfer for the abandoned projects.

“We have mentioned this in our wish list and this definitely will ease the burden of people as not everyone afford to buy house, with higher stamp duty,” he said. – Bernama

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