Govt committed to providing affordable housing despite facing rising property values

Govt committed to providing affordable housing despite facing rising property values

KUALA LUMPUR: The Perikatan Nasional (PN) government is committed to providing comfortable and affordable housing to B40 and urban poor groups, especially in rapidly developing areas even though having to face the challenge of rising property values.

Prime Minister Tan Sri Muhyiddin Yassin (pix) said the government is also facing a challenge of ensuring the welfare of the urban poor, especially city dwellers living in public and private low-cost or People’s Housing Project (PPR) flats.

“In facing those challenges, the government through the Federal Territories Ministry had recently launched the guide to implement redevelopment of Kuala Lumpur in old and uneconomical areas, such as at the Sri Labuan Public Housing,” he said at the handing over ceremony of housekeys to owners of the new Residensi Razakmas2 apartments here today.

He said the guide was also aimed to ensure that those areas would be given a facelift to make them vibrant and competitive which would also increase their property values.

That guide, he said was only part of the government’s initiative to help the people to own affordable and comfortable houses.- Bernama