Over 100,000 Affordable Homes to be Offered at Nationwide Expo

Pavither 27 Feb 2018

The federal and state government housing agencies will offer over 100,000 units of affordable homes at the biggest nationwide home expo, which will kick off next month and run until end-April.

A joint initiative of Perbadanan PR1MA Malaysia (PR1MA), National Housing Department (NHD), 1Malaysia Housing Projects for Civil Servants (PPA1M), Syarikat Perumahan Negara Bhd and the state government agencies, the home expo is aimed at increasing the awareness of government housing programmes among the M40 and B40 groups.

The M40 group refers to Malaysian households with a monthly income of between RM3,860 and RM8,319, while the B40 segment refers to households with monthly income of less than RM3,860.

“This is the best chance for the lower income groups to come and evaluate all these (housing) programmes, and see the diversity of prices and locations of these products, based on their affordability,” said PR1MA CEO Datuk Abdul Mutalib Alias.

The first state to host the series of expo will be Perak, revealed Abdul Mutalib. To be held at Ipoh Convention Centre from 1-5 March, the expo will offer about 38,000 housing units in the state.

About 20,000 units will be offered under PR1MA homes, 7,000 units under Lembaga Perumahan dan Hartanah Perak, 5,700 units under SPNB, 3,000 units under NHD and 2,000 units under PPA1M.

“About 74 percent of these units are priced below RM250,000 each, and about 23 percent of them range between RM250,000 and RM300,000,” said Abdul Mutalib.

He noted that the mega expo will also serve as a one-stop centre, where the public can seek assistance for queries relating to their home ownership journey.

In fact, strategic partners such as National Higher Education Fund, Credit Counselling and Debt Management Agency as well as CIMB, Maybank, RHB and AmBank will participate at the expo to help potential buyers apply for loans.

Aside from Perak, the 10 other states where the expo will be held include Sabah, Perlis, Sarawak, Pahang, Negri Sembilan, Malacca, Kelantan, Kuala Lumpur, Johor and Selangor.
Image sourced from PR1MA.my

This article was edited by the editorial team of PropertyGuru. To contact them about this or other stories email editorialteam@propertyguru.com.my

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