Increasing affordable homes, 20,000 3 years

Selangor will have 20,000 affordable homes in the next three years, Selangor Mentri Besar Azmin Ali said.

He added that previously, the state had only targeted 15,000 of such homes.

He explained that the state had worked with developers to increase the number of affordable homes and 8,000 had already been launched.

“Almost every month, I have been at the launch of an affordable home project and I hope we reach our target soon,” Azmin said.

He was speaking at the launch of 488 units of affordable homes, measuring 850 sq ft and priced at RM170,000, in M2 Residence, Bandar Tasik Puteri, Rawang, on Friday.

The project was Mah Sing Group Bhd’s inaugural effort under the Rumah Selangorku affordable housing programme administered by the Selangor Housing and Property Board (LPHS).

The gated and guarded community housing project will be completed by May 2018. Among the amenities provided are a surau, a multi-purpose hall and recreational space.

Also present at the launch were LPHS executive director Norzaton Aini Mohd Kassim, state Housing, Building and Urban Settlers Committee chairman Datuk Iskandar Abdul Samad and Mah Sing Group Bhd chairman Tan Sri Yaacob Mat Zain.

Azmin also said Mah Sing Group Bhd would built 1,538 units of affordable houses in its project in Bandar Tasik Puteri.

“The developer has agreed to built 560 units in M1 Residence, 488 units in M2 Residence and 490 units in M3 Residence as part of its agreement with the state,” he explained.

Meanwhile, Azmin added that the state had not stopped building low-cost houses for the poor priced at RM42,000, despite speculation that developers were refusing to build such houses.

“We still work with the developers and will set aside RM20mil for buyers under the scheme who do not qualify for bank loans.

“In the future, we also looking at the rent-to-buy option, where people can rent the homes and after a certain number of years, the state would be offer the unit to them,” he said. - By The Star