‘MyBeautiful New Home’ scheme for B40 households

KUALA LUMPUR (Oct 21): Prime Minister Datuk Seri Najib Razak has announced a new scheme called MyBeautiful New Home for the bottom 40% of households with a monthly income RM3,900 and below (B40).

In his Budget 2017 speech in Parliament today, he said an allocation of RM200 million will be used for the implementation of this National Blue Ocean Strategy initiative.

“At the initial stage, a total of 5,000 units will be built with prices ranging from RM40,000 to RM50,000 per unit, but the government will finance RM20,000 with the remaining to be paid as instalments by each owner,” said Najib, adding that these houses will be built on their own land, land permitted by the landowner and land awarded by state governments.

Meanwhile, the Ministry of Urban Wellbeing, Housing and Local Government will build 9,850 houses under the People’s Housing Programme (PPR) with the allocation of RM134 million in 2017.

“A total of 11,250 PPR houses are being built with an allocation of RM576 million. These PPR houses will be sold between RM35,000 and RM42,000, even though the actual construction cost is between RM120,000 and RM160,000,” said Najib. 

budget2017