Project To Help The B40 Group Own Their First Home

A total of 1,465 units of low-cost and medium-cost houses will be built in Ipoh, which is aimed at helping the B40 group own their first home.

The house construction project is part of a Memorandum of Understanding (MoU) between the local developer company, Mysuccess Land Sdn. Bhd. and the Ipoh City Council (MBI).

During the press conference after the MoU signing session, the mayor of Ipoh, Dato’ Rumaizi Baharin @ Md Daud said the project, which will start at the end of the year, can improve the quality of life for the people of Ipoh, by giving the opportunity for the B40 group to own properties.

He also said that it is the largest low and medium cost housing project in Ipoh of the past 15 years.

“The 82.53 acres of land owned by the company will house 1,465 units of low and medium cost properties.

“The company will give commitment and priority to MBI members who are eligible to own this property as an appreciation to the members of the Council.

“This collaboration also has a quota for MBI residents of 30 percent. A total discount of RM1.6 million. There are still many of our staff who do not own their own homes. So we are discussing with the company to give them opportunities, especially through this housing that will be built,” he said.

Rumaizi further explained that individuals interested in buying the housing can register at the Perak Housing and Property Board (LPHP).

“They need to register with LPHP, and if everyone agrees, the purchase process can be made.

“Because our goal is 30 percent of the quota for MBI staff and the rest for the people of Ipoh. We understand that many people in Ipoh do not own their own houses, so we provide houses at a cheap price. Because now it is difficult to find a standard terrace house for RM180,000,” he said.

Also present was the Director of Mysuccess Land Sdn. Bhd. Andrew Chan Wai Hoe, who said the housing project will be developed in Taman Lahat Baru.

He goes on to say that the price of a low-cost house is about RM90,000 while the average house is 180,000.

“The conditions for purchase are set by the LPHP. For a low-cost house, the household’s income is no more than RM3,000, while the average one is RM7,000. The main condition is that they have never owned a house before, which means this is their first house.

“The target of the construction project is to start this December and be completed in early 2025,” he said.

by Rosli Mansor Ahmad Razali

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button