Latest news with #ResidensiMADANI
The Sun
4 days ago
- Business
- The Sun
DBKL plans 762,500 homes by 2040 under PTKL2040 plan
KUALA LUMPUR: Kuala Lumpur City Hall (DBKL) aims to provide up to 762,500 housing units by 2040, in line with the direction of the Kuala Lumpur Local Plan 2040 (PTKL2040), which focuses on the well-being of urban residents. Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif said the housing stock as of 2020 stood at 500,803 units, comprising both open market housing and affordable housing. 'Over the next 15 years, new housing development will be planned based on the increasing number of residents and households in the capital. 'Housing planning will emphasise the needs of various groups, including youth, B40 and M40 families, senior citizens and other vulnerable communities,' she told Bernama. She said the plan also introduces the provision of micro and transit units for newly working youths, compact housing for dual-income, no-kids (DINK) couples and young professionals, as well as age-friendly housing for the elderly. Maimunah said DBKL has also allocated several specific land-use zones for housing, including Residential Zone 4 (R4), designated for affordable and public housing. She said PTKL2040 emphasises the principle of inclusive development by maintaining a balance between the need for housing, access to public transportation and environmental sustainability. She added that the housing target also takes into account the potential for redevelopment of existing areas and the provision of government land in strategic locations within the city. 'The pricing of affordable housing is subject to the National Affordable Housing Policy, with a maximum price set at RM300,000 per unit, in line with initiatives such as Residensi Wilayah. 'For the Residensi MADANI scheme, the maximum selling price is set at RM200,000 with a standard size of 800 square feet, while other units will be developed to meet the diverse needs of the urban community,' she said. Maimunah said PTKL2040 targets at least 40 per cent of all new housing units by 2040 to be affordable homes. The long-term plan also outlines the definition of affordable housing under two categories: rental units such as the People's Housing Project (PPR), Public Housing and Subsidised Rental Housing (PASS); and ownership units covering projects like Residensi Wilayah, Residensi MADANI, the Malaysia Civil Servants Housing Programme (PPAM), PR1MA and One Staff Member One Home (SASaR). 'This initiative aims to ensure fair and sustainable access to housing for all segments of society, including low- and middle-income groups,' she said. - Bernama
Barnama
31-07-2025
- Business
- Barnama
One Million Affordable Homes To Be Built Between 2026 And 2035 Under 13MP
GENERAL KUALA LUMPUR, July 31 (Bernama) -- A total of one million affordable housing units will be developed by the federal government, state authorities and private developers between 2026 and 2035 to provide more Malaysians with access to safe and comfortable homes, Prime Minister Datuk Seri Anwar Ibrahim announced today. Tabling the 13th Malaysia Plan (13MP) in the Dewan Rakyat, Anwar, who is also the Finance Minister, said the initiative will be implemented through a range of programmes including Residensi MADANI, the Public Servants Housing Scheme, the New Home Construction Assistance Programme, the Affordable Housing Scheme and Rumah Bakat MADANI. 'The government remains committed to ensuring access to quality, affordable and inclusive housing,' he said, adding that as of this year, 180,000 housing units have been completed, with another 235,000 currently under construction. Despite these efforts, Anwar acknowledged that structural issues, such as the mismatch between housing supply and demand, as well as property prices that remain beyond the reach of many, continue to pose challenges. To address these concerns, he said initiatives such as the Housing Credit Guarantee Scheme and the Rent-to-Own (RTO) programme will be expanded, enabling more low- and middle-income Malaysians to purchase homes. He added that the adoption of modern construction technologies, including the Industrialised Building System (IBS) and Building Integrated Management, will help expedite housing delivery and reduce construction costs, particularly for public housing projects. Anwar also highlighted Kota MADANI in Putrajaya, a collaboration between the government and Putrajaya Holdings, as a model for future affordable housing development. The project embodies the concept of umran hadhari, which refers to urban prosperity rooted in values, ethics and sustainable development. 'This approach offers citizens not only a place to live, but a meaningful urban lifestyle that integrates progress with values, modernity with ethics and technology with humanity,' he said. The 13MP, themed 'Melakar Semula Pembangunan' (Redesigning Development), covers the period from 2026 to 2030 and aims to reform the country's socio-economic agenda in line with the Malaysia MADANI framework.
