Rent-to-own scheme to be expanded- Zuraida

Publish date: Fri, 23 Nov 2018, 10:12 AM
KUALA LUMPUR: The government is looking to expand the rent-to-own scheme for the bottom 40 per cent income (B40) group on government-owned properties.
 
Housing and Local Government Minister Zuraida Kamaruddin said this would help ease the burden of low-income earners who were facing difficulties in obtaining housing loans.
 
“Currently the government has transit houses (to cater to their needs) but once they move out (of the B40 category), they can find a property that they could afford,” she told reporters after the Real Estate and Housing Developers' Association Malaysia (Rehda) Annual Dinner 2018 here Thursday.
 
Besides the RTO, Zuraida said the B40 could also find properties priced RM160,000 and below which required them to pay about RM600 per month.
 
Earlier, Zuraida said that the National Home Ownership Campaign would be held for six months next year to help clear the backlog of unsold residential properties, especially those priced between RM300,000 and RM500,000.
 
“The campaign will be held in Kuala Lumpur and houses across Malaysia will be sold during the period. But it should also be held in other states, we will look into it. We hope to kick start it in January 2019,” she said.
 
Meanwhile, Rehda President Datuk Soam Heng Choon said that the government needs to expedite the setting up of a central housing data to enable stakeholders to make informed decisions on properties at hand.
 
Soam hoped the government would take over the role of building all social housing projects and would not compete with private developers in the open market.
 
 - BERNAMA
Discussions
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relaks

Gomen jadi financer?

2018-11-23 23:02

qqq3

RTO and social housing helped a lot of people years ago....Loke Yew Flats etc....

2018-11-24 01:32

relaks

I sokong gomen do public housing for B40. I was thinking, how about build container homes? Use abandoned containers at our ports, cut some windows, voila! A ready made home! Stacked it up and will be multiple storey! Cheap, fast and quick. Only need land. And gomen hv land!

2018-11-24 14:25

relaks

Take a look at some designs.
https://www.24hplans.com/top-20-shipping-container-home-designs-and-their-costs/

2018-11-24 14:29

relaks

Way back 2015, cost aro RM80k fully furnished. https://cilisos.my/houses-too-mahal-see-how-this-msian-built-his-home-from-a-container/
For simpler homes should be as cheaper?

2018-11-24 15:21

relaks

The full price including land cost ya!

2018-11-24 15:23

relaks

“...the costs that an interested builder would be looking at:

Price of a brand new container – RM25,000
Price of a pre-used container – RM5,000 (20ft long), RM8,000 (40ft long)
Average price of a 2,400 sqf land – depends on location, but in his area (Teluk Panglima Garang near Bukit Tinggi, Klang), it starts from RM35,000

Other expenses – land levelling and utilities for RM8,000; upgrading to a second floor RM6,000; roofing for RM4,000; toilet and kitchen for RM3,000; connecting staircase RM1,500; fencing and landscaping RM2,000; electrical wiring + air conditioning RM2,000; workmanship RM5,000

... total cost of approx RM80,000.
That’s about 6 times cheaper than a double-storey 1,300sqf terrace house in the same area! Priced at RM430,000, it also doesn’t have a space for your own garden.”
https://cilisos.my/houses-too-mahal-see-how-this-msian-built-his-home-...

——
Now, if we we were to stack it up 4 storey high, then cost can divide by 4? Aro RM20k je, your own container home! No need take loan etc. Debt free. ;) Hurray!

2018-11-24 15:38

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