Home Finance RM80,000 ceiling price for homes

RM80,000 ceiling price for homes


BERA: The Pahang Government has set RM80,000 as the ceiling price C for houses built under the 1Malaysia People’s Housing Programme (PR1MA).

Menteri Besar Datuk Seri Adnan Yaakob said the current ceiling of RM150,000 for similar projects was not suitable as many needy people would not be able to afford these properties.

Adnan said those earning below RM3,000 per month would be eligible for PRIMA homes.

He said the state government would be financing such houses through a cross-subsidy scheme.

Through the scheme, developers would be given a piece of land to develop other housing or commercial building projects, he said.

“This will make affordable housing projects viable in the state,” Adnan said after presenting keys to the owners of the PR1MA housing projects in Bera town.

Also present were Housing and Township Committee chairman Datuk Seri Wan Rosdy Wan Ismail, State Health, Human Resources and Special Duties Committee chairman Datuk Norol Azali Sulaiman and Kemayan assemblyman Datuk Mohd Fadzil Osman.

Adnan also said that he would meet with financial institutions to discuss providing loans to potential buyers.

He said that the “pay slip” condition makes it difficult for small traders and food operators to apply.

“They earn enough to pay their monthly housing loans but because they do not have a fixed income, their application to buy houses were rejected.

“The banks should give cendol sellers and pasar malam traders a chance,” he said.

Since 2013, he said the state government had approved the construction of 29,839 units under 81 Pahang PR1MA projects and in Bera, there were seven projects with 2,306 units approved.