Affordable housing for younger generation to be launched soon, PM says

KUALA LUMPUR: The government will launch an affordable quality housing programme for houses priced at RM220,000 and below to enable the younger generation to own a house, Prime Minister Datuk Seri Najib Tun Razak said.

He said the programme, under the My First Home Scheme, will be launched either next month or in July and would be implemented under the public-private partnership initiative.

"The government will provide the site, and the developer will implement the project based on the industrial building system.

"I've also said that if possible, they (the private sector) turn this into a corporate social responsibility project and not for profit," he said in an interview with Hot FM radio station at Sri Pentas, here on Friday, May 6.

Najib said the initiative was devised following comments conveyed through his Facebook page, and in newspapers, about the difficulties faced by the younger generation in owning a house within that price range, especially in the Klang Valley.

Under the My First Home Scheme launched by the prime minister on March 8, those aged 35 and below, with a monthly salary of less than RM3,000, are eligible to buy a house, priced at RM220,000 and below, with 100 per cent financing.

During the one-hour session, the prime minister was also asked about the public transportation National Key Result Area (NKRA).

Najib said the initiative had shown progress and that its impact would be more profoundly felt in the next two to three years. - Bernama

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