Latest news with #ResidensiMadaniProgramme
The Star
7 days ago
- Business
- The Star
One million affordable homes to be developed by 2035
KUALA LUMPUR: One million affordable housing units will be developed between 2026 and 2035, says Datuk Seri Anwar Ibrahim. The Prime Minister said the initiative will involve collaboration between the Federal Government, state governments and private developers. 'This is to ensure that more Malaysians can live in safe and comfortable homes,' he said when tabling the 13th Malaysia Plan (13MP) in the Dewan Rakyat yesterday. He cited various initiatives including the Residensi Madani Programme, Public Servants Housing Programme, New Home Construction Assistance Programme, Affordable Housing Programme and Rumah Bakat Madani. Anwar emphasised the government's continued commitment to providing quality, affordable and inclusive housing. 'As of 2025, 180,000 housing units have been completed, and another 235,000 are currently under construction,' he said. However, he acknowledged that there was a mismatch between supply and demand as well as house prices that remain misaligned with income levels. Anwar added that these matters remain key issues that must be addressed. To this end, he said the government will expand initiatives such as the Housing Credit Guarantee Scheme and the Rent-to-Own Scheme, particularly to benefit more low- and middle-income groups seeking home ownership. 'The transition to technologies such as the Industrialised Building System and Building Integrated Management will accelerate implementation and reduce construction costs, including for public housing,' Anwar added. He also announced plans to replicate the Kota Madani initiative in Putrajaya – developed in partnership with Putrajaya Holdings – as a model for affordable housing that embodies the concept of 'umran hadhari', which refers to urban prosperity rooted in values, ethics and sustainable development. 'This concept not only allows the people to own a home, but also to experience life in a city that combines progress with values, modernity with morals, and technology with humanity,' Anwar said.
The Star
31-07-2025
- Business
- The Star
One million affordable homes to be built from 2026 to 2035, says PM Anwar
KUALA LUMPUR: One million affordable housing units will be developed from 2026 to 2035, says Datuk Seri Anwar Ibrahim when tabling the 13th Malaysia Plan (13MP) in the Dewan Rakyat on Thursday (July 31). The Prime Minister said the initiative would involve collaboration between the Federal Government, state governments and private developers. 'This is to ensure as many Malaysians as possible can live in safe and comfortable homes,' he said, citing various initiatives including the Residensi Madani Programme, Public Servants Housing Programme, New Home Construction Assistance Programme, Affordable Housing Programme and Rumah Bakat Madani. Anwar emphasised the government's continued commitment to providing quality, affordable and inclusive housing. 'As of 2025, 180,000 housing units have been completed, and another 235,000 are currently under construction by the government,' he said. However, he acknowledged that mismatches between supply and demand, as well as house prices that remain misaligned with income levels, remain key issues that must be addressed. To this end, he said the government will expand initiatives such as the Housing Credit Guarantee Scheme and the Rent-to-Own (RTO) Scheme, particularly to benefit more low- and middle-income groups seeking home ownership. 'The transition to technologies such as the Industrialised Building System (IBS) and Building Integrated Management (BIM) will accelerate implementation and reduce construction costs, including for public housing,' Anwar added. He also announced plans to replicate the Kota Madani initiative in Putrajaya, developed in partnership with Putrajaya Holdings, as a model for affordable housing that embodies the concept of 'umran hadhari'. 'This concept not only allows the people to own a home, but also to experience life in a city that combines progress with values, modernity with morals, and technology with humanity,' Anwar said.
