1MalaysiaThere is a good chance that owners of 1Malaysia Housing Programme (Pr1ma) homes will not be allowed to resell their houses at market price even after the 10-year moratorium period, according to a report by Star Property.
Prof Datuk Dr Kamarul Rashdan Salleh, Managing Director at Syarikat Perumahan Negara Bhd (SPNB), said the government may buy back the houses if homeowners decide to sell them after the 10th year.
"They (owners) cannot sell it in the open market. I think the government will enforce that," he said after the 'Affordable Housing: A Fact or Fiction?' panel discussion during the Third Annual Affordable Housing Projects conference.
However, the government is still considering all options, noted Kamarul.
Moreover, during the panel discussion, Michael Lennon, International Adviser and CEO of Australia's Housing Choices, stated the need for a clear national policy on housing.
Meanwhile, Datuk Seri Chor Chee Heung, Housing and Local Government Minister Datuk, said that the government will construct 42,078 affordable houses on unused federal land for families, who are earning under RM5,000.
Costing from RM150,000 to RM300,000, the houses will be constructed in Seremban, Rawang and in the Klang Valley.
Although the units will be offered at a lower price, they will however have lower capital appreciation than non-subsidised properties.
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