Middle class homes

Wednesday June 29, 2011
Middle class homes
By JAGDEV SINGH SIDHU and
PAUL GABRIEL
newsdesk@thestar.com.my
PETALING JAYA: Middle
class Malaysians who are
aspiring to buy a home
will soon be able to do so
once a new Government-
led initiative to build
apartments costing less
than RM300,000 in major
cities is launched this
year, Housing and Local
Government Minister
Datuk Chor Chee Heung
said.
The affordable housing
scheme, which is an
addition to the My First
Home Scheme for units
costing between
RM100,000 and
RM220,000, will see
stratified units priced
between RM220,000 and
RM300,000 being built for
those with a household
income of less than
RM6,000 a month and
who do not yet own a
house.
“The Government will do
whatever it can to
ensure the lower income
group will have a house
and the medium income
group will have a chance
to buy a property of their
own,” he said in an
interview with The Star.
Chor said the plan was
for units to be between
850 sq ft and 1,000 sq ft
and each apartment
would have a minimum of
three rooms.
The ceiling price of
RM300,000 will be for
units built in Kuala
Lumpur, Penang and Johor
Baru and the price will be
lower in other parts of
the country.