Subsidies for Affordable Homes

Syarikat Perumahan Negara Berhad (SPNB) was established on 21 August 1997 as a wholly owned subsidiary of the Minister Of Finance Incorporated (MOf Inc.) with the objective of providing quality affordable homes for every family in Malaysia. SPNB is responsible in implementing Rumah Mampu Milik Programme and the Rumah Mesra Rakyat Programme to ensure those in low income group are able to affordably own comfortable homes.

Second Finance Minister today announced that the government will provide subsidies of between RM 15000 to RM 20000 to enable the people to own affordable homes. SPNB would come up with three types of three-bedroom affordable homes valued at RM 65000, RM 55000 and RM 45000. For the RM 65000 homes, the government will provide a RM 20000 subsidy. For those costing RM 45000, the subsidy provided is RM 15000.

The government is also pushing SPNB to be a large-scale developer of affordable houses for the people, building bungalows with a selling price of about RM 250000, alongside semi-detached and terraced houses for about RM 100000 and RM 80000 respectively.

This is a good news for the people as the property price in major cities in Malaysia has been increasing steadily over the past few years. You can take a look at all the projects by SPNB here.