Prime Minister Datuk Seri Najib Tun Razak will discuss low-cost housing issues prominently in Budget 2013 as he is very concerned about the matter, according to Datuk Seri Chor Chee Heung, Housing and Local Government Minister.
"I don't know what is he going to say, but he will say something in the budget to show his concern regarding the issue," he revealed.
In the meantime, Chor said that his ministry is preparing a list of issues and measures as well as recommendations about the issue, which will be presented at the Cabinet meeting next week.
The ideas came from three seminars and roundtable discussion with stakeholders that includes the house buyers associations, architects associations and the Real Estate and Housing Developers' Association Malaysia (REHDA).
"For example now those with monthly income of RM3,000 to RM7,000, it is difficult for them to buy houses because they are not affordable enough and the most they can go is for houses priced not exceeding RM400,000," noted Chor.
He added, "To buy a house which costs RM400,000 maybe they have to go a great distance from their workplace. Hopefully the government could come in fast enough to help alleviate this situation."
In addition, Chor noted that the government's initiative on low-cost housing has started with the 1Malaysia Housing Programme (PR1MA) which offers houses costing RM120,000 to RM300,000.
"The ministry also has been helping the federal government to provide public housing to those who earn a household income of a maximum RM2,500 a month," said Chor, adding that the ministry has delivered accomplishments such as Sabah's public housing, but there is still more to be done.
For the latest property news, trends, resources and expert opinions, visit our Property News section. Home buyers, sellers or property renters looking for Malaysian Properties, may like to visit http://www.propertyguru.com.my today.
More from PropertyGuru:
- Legoland Malaysia to be best integrated resort for families
- Amend Housing Development Act also: PAM
- Affordable homes in Cyberjaya to come 'in due time'
- Symphony Heights completed on time
- Green light for UK's tallest tower
- RM22 billion Mersing Laguna project cancelled
- New commercial centre for Pasar Baru Bukit Bintang traders
- SP Setia on course for solid Q3: Analysts
- Exciting properties at Sarbex 2012 Total Living