Malaysia

Anwar announces five affordable housing schemes in KL

PM says projects to allow B40, M40, youth to own homes priced from RM150,000 to RM200,000

Updated 2 years ago · Published on 23 Jun 2023 9:54PM

Anwar announces five affordable housing schemes in KL
Datuk Seri Anwar Ibrahim (saluting) at a meet-and-greet with affordable housing owners in Kuala Lumpur today. – ALIF OMAR/The Vibes pic, June 23, 2023

KUALA LUMPUR – The government has introduced five affordable housing projects in Kuala Lumpur to be developed this year.

Datuk Seri Anwar Ibrahim said the projects will allow the M40 and B40, as well as the youth, to own homes with prices ranging from RM150,000 to RM200,000.

“All these residential projects have three bedrooms and two bathrooms and a parking space, with an area of ​​at least 700 sq ft,” the prime minister said at a meet-and-greet with affordable housing homeowners here today.

The five projects to be developed are Residensi Prihatin Madani, Residensi Madani, Residensi Sejahtera Madani, Rumah Majlis Madani, and Rumah Ihsan Madani.

Anwar said Residensi Prihatin Madani is targeted at the M40, or those with a household income of RM7,000 per month and below, with 800-sq-ft homes valued at RM200,000 per unit offered. 

As for Residensi Madani, he said the 750-sq-ft homes, with a value of  RM180,000 per unit, are targeted for the B40 with a household income of RM5,000 per month and below.

Besides these, the Residensi Sejahtera Madani project is for singles, newly employed youth, as well as newly married young couples, Anwar added.

“This is targeted at those between the ages of 21 and 30 with a household income of RM4,000 per month, and the property, with an area of ​​700 sq ft, is offered at RM150,000 per unit,” he said.

Besides this, Anwar said the government will continue to provide housing through rental schemes for those in low-income groups who cannot afford their own homes. 

“There are two schemes that have been introduced which are Rumah Majlis Madani, targeted at the M40 and B40 groups who cannot afford to own a house, through a rental of RM600 per month for five years.

“The Rumah Ihsan Madani, meanwhile, is targeted at the B40 group and the vulnerable with a rental of RM300 a month,” he said. – Bernama, June 23, 2023

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