DEMAND-BASED HOUSING DEVELOPMENT IN MELAKA WILL BOOST B40 HOME OWNERSHIP

MELAKA, July 10 (Bernama) -- The state government's recommendation for property developers to construct affordable housing (RMM) according to demand rather than predefined quotas is seen as opening up more opportunities for the B40 group to own better homes.

Melaka Housing Board (LPM) executive director Datuk Murad Husin said besides following demand in specific areas, sales of RMM units also depend on buyers' ability to obtain bank loans for acquiring better homes.

"This is because when we follow quotas, we already have a set number of units to build, and this is what the Chief Minister wants reviewed and recommended that houses be built according to demand in specific areas.

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"For example, we build 100 units of low-cost housing as stipulated in the quota, but demand is not high in that area. So we can reduce it to just 70 units and allocate the excess units to other types that are in higher demand," he said at the signing ceremony of the RMM development agreement between LPM and Nusantara Tulin Sdn Bhd here today.

Meanwhile, a total of 654 RMM units developed in Semujok, Jasin over an area of 2,023 hectares will involve the construction of 64 units of low-cost houses priced at RM70,000 each, 64 units of medium-cost houses (RM120,000), 84 units of RMM Type A (RM180,000), 246 units of RMM Type B (RM215,000), and 196 units of RMM Type C (RM250,000).

The project developed in the Merlimau subdistrict must be completed within 24 months from the date of commencement of development for each phase carried out.

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-- BERNAMA