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Johor -Now it’s easier for low-income earners to own homes.

Johor -Now it’s easier for low-income earners to own homes.

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Johor Affordable Hou­sing Scheme

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Affordable houses in johor.

 

JOHOR BARU: With a RM300mil loan scheme expected to be implemented next month, the state government aims to make it easier for low-income earners to own houses.

“We hope to start the Johor Affordable Hou­sing Scheme (RMMJ) by April.

“We are still waiting for the approval from the Finance Ministry,” said Mentri Be­­sar Datuk Seri Mohamed Khaled Nordin.

He said this after breaking ground at the Taman Perbadanan Islam RMMJ in Jalan Stulang Baru here yesterday.

Besides housing projects on Malay reserve land for bumiputras, Mohamed Khaled said the state government was also working to provide homes for other races through the Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ).

The state had allocated a RM150mil fund to acquire land in town areas throughout the state to build more affordable homes.

Mohamed Khaled said that developers who wished to release bumiputra lots to other buyers were required to split their profit and channel 7.5% into the state government’s fund, which would in turn be used to build affordable homes for the people.

“More often than not, we will have requests from developers to release their bumiputra lots such as apartments worth RM1mil or RM2mil that are not purchased.

“We’ll allow that with the condition that the state gets 7.5% of the profit.

“This has been practised in the state since I took over in 2013.

“In the end, the money will go back to the people in the form of housing projects,” added Mohamed Khaled.

Source: Johor to make it easier for low-income earners to own homes – Nation | The Star Online

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