Govt Sets Aside RM2.25 Billion As Housing Assistance For The Poor

September 28, 2021

Govt Sets Aside RM2.25 Billion As Housing Assistance For The Poor

The 12th Malaysia Plan will see the government setting aside RM2.25 billion for the provision of housing assistance to the poor.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the allocation will be used to build and repair 85,500 housing units – which comprise 75,000 homes in rural areas and nearly 10,500 homes in urban areas – under the Housing Assistance Programme from this year to 2025, reported Bernama.

During the tabling of the 12MP in Dewan Rakyat, Ismail Sabri explained that the allocation does not include “the construction of houses under state governments, corporate sector and Civil Society Organisations (CSOs)”.

B40 and M40: What Are The Housing Schemes Available For You? Find Out Here!

He shared that the government will also build another 500,000 affordable housing units to provide more people from the M40 and B40 groups a chance to own a home.

The Prime Minister added that the government will also improve financing facilities such as the Youth Housing Scheme, Rent-to-Own (RTO) programme and the Fund for Affordable Homes to ease the burden of such groups when paying their instalment.


Check out these latest project reviews today! Or read our helpful Guides to learn all about the various property buying, selling and renting tips!


You may also like these articles

SPNB To Focus On Affordable Homes And Launch 3 Projects In 2021

Syarikat Perumahan Negara Bhd (SPNB) is planning to launch three projects this year, which include Kediaman SPNB in Sentul, Kuala Lumpur – a condominium project with 916 housing units measuring 806

Continue ReadingJuly 8, 2021

Government Urged To Ramp Up Supply Of Affordable Housing

The Malaysian government has been urged to ramp up the country’s affordable housing supply as well as ensure a coherent and transparent selection process.Lilian Wee, researcher at Research for Socia

Continue ReadingAugust 18, 2021

Penang Wants KPKT To Focus On The State’s Affordable Housing Supply

The state government of Penang has called on the Ministry of Housing and Local Government (KPKT) to focus on the state’s supply of affordable housing.According to Jagdeep Singh Deo, Chairman of Pena

Continue ReadingAugust 30, 2021

KPKT: About 80,000 Homes To Be Built Under 12MP

The Housing and Local Government Ministry (KPKT) is set to build around 80,000 homes under the 12th Malaysia Plan (12MP), benefitting some 400,000 people.KPKT Minister Datuk Seri Reezal Merican Naina

Continue ReadingSeptember 27, 2021