30,000 units of affordable homes in Selangor (below RM250k, in 5 years)

Selangorians needing an affordable home can now rejoice. As per an article in, Selangor Menteri Besar Amirudin Shari said that the state government aims to launch 30,000 units of affordable homes under its Rumah Selangorku housing scheme over the next five years. He said, “We are targeting 60% of these houses to be priced below RM200,000 and 40% to be priced below RM250,000.” He also shared that since 2014, Rumah Selangorku scheme has received a good response. As at September 2018, there are a total of 204 approved projects offering 104,460 affordable homes to eligible buyers. Out of these approved projects, 6,303 units have been completed and handed over to homebuyers, while 22,336 units are under construction and will be handed over in phases from this year to 2022.

He also said that under the Rumah Selangorku 2.0 housing scheme, the state has refined and implemented new changes since April 2018. The minimum built-up size for a Rumah Selangorku unit has been reduced to 900 sq ft from 1,000 sq ft while the allocation of Rumah Selangorku units in a project has been reduced by up to 10%. Due to this, the state government is also looking into reducing the maximum price tag for the upcoming Rumah Selangorku units by RM20,000 to RM230,000 compared to RM250,000 previously. He added, “With the RM20,000 reduction, I hope it will be easier for the buyers to own the house.” Please refer to the full article in Edgeprop here.

900 sq ft is actually a good size if the layout is planned carefully. These days, private developers are building smaller sized homes so as to make the price as affordable as possible but when we look at many of these sub 900 sq ft homes, it looks really spacious and not cramped at all. If the homes are for working professionals, they (homes) could be built a little further away but make sure it’s connected to the public transport stations such as LRT / MRT or KTM. Three reasons for this suggestion; homes can be made cheaper, it’s connected and we reduce the need for every working professional to drive ONE extra car into the city everyday. The numbers of cars on the road can be reduced tremendously. Let’s hope the state government sees this suggestion. Cheers.

written on 23 Oct 2018

Next suggested article:  It’s now just Sime Darby for Malaysia Vision Valley

Advertisements is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

Property prices falling: excess supply and cooling measures

This was reported by a UK-based newspaper, Financial Times (FT) about the property prices here in Kuala Lumpur. It said that the reason for average sales dropping by 4 percent since last July is because of two reasons; excess supply and domestic cooling measures. Judy Ong of Knight Frank in Kuala Lumpur said, “The inflation […]

Read More

‘Money not enough’ from beginning 2019 till July 2019

Important notice where money and loans are concerned. Article in here.  Nomura Research warned in its recent 2019 outlook report, that a number of countries in Asia including South Korea, Greater China, Singapore, Thailand and Malaysia may be experiencing a sudden shortage in the availability of money for lending, leading to a decline in loans available. […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 904 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: