News: Four states agree to provide land for low-cost houses: DPMM
Four states have responded to the request of the Malay Chamber of Commerce Malaysia (DPMM) for land, which will be used to develop affordable houses and apartments for the middle-income group.
According to Syed Ali Alatas, President of DPMM, all state governments were sent with the letter requesting for the land.
"I'm not going to disclose which states have given their response but one of them has suggested that we cooperate with the government agencies to build the middle-cost houses," said Syed Ali.
The land is intended to be built with 100,000 units of double-terrace houses and apartments and is set to be completed by 2020.
Syed Ali said the residential units will be sold to qualified buyers for RM200,000 and below, provided that state governments sell the land at nominal prices.
He noted that although DPMM is not a profit-driven body, it is capable of implementing the programme which aims to assist the middle-income group facing difficulties in acquiring affordable homes.
Those earning between RM3,500 and RM7,000 will be qualified to buy houses under the programme.
A dedicated website was also launched where middle-income Malaysians can register online to purchase affordable houses.
"The registration exercise will help DPMM plan its medium-cost housing programme. We hope to receive one million registrations."
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