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Wednesday, August 3, 2011

Mutalib to helm 1Malaysia Housing Programme?

PETALING JAYA: The recently announced 1Malaysia Housing Programme (Prima) is likely to be helmed by the low-profile Datuk Abdul Mutalib Alias, according to sources.

Prima is a scheme designed by the Government to ensure the availability of affordable quality homes within the Klang Valley for the people, in particular the youths.

Abdul Mutalib is currently the special officer in the Works Ministry.

Previously, he was a political secretary for former Minister of Science, Technology and Innovation Datuk Dr Jamaludin Jarjis and also for former Finance Minister Tun Daim Zainuddin.

Although Prima is still in its infancy stage, the Government has indicated some moves to expedite projects under the scheme.

One of the initiatives could entail making land available and providing funds to developers participating in Prima under public-private partnerships programme.

Prime Minister Datuk Seri Najib Tun Razak launched Prima for first-time buyers to own homes of up to 1,400 sq ft in July.

Depending on the location, the houses would be priced at between RM150,000 and RM300,000 while the minimum size would be 800 sq ft.

The buyers, making up those who earn not more than RM6,000 a month, would enjoy financing of up to 105% from selected financial institutions.

The additional 5% is for insurance and sales and purchase legal fees.

A total of 42,000 houses would be built in 20 strategic locations in the Klang Valley, Rawang and Seremban with eight projects expected to commence this year.

In addition to Prima, the Government had also earlier announced the My First Home Scheme which aimed to support first time home buyers with a monthly income of below RM3,000 to secure financing for homes priced at between RM110,000 and RM220,000.

This measure underscored the growing concern surrounding the housing needs of the middle income group, which has a monthly household income of RM2,300 to RM6,000.

This group is believed to comprise about 40% of the population.

By The Star

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