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SPNB approves 645 affordable housing schemes in Sabah

140411_2b
Idris (second left) and SPNB officials look at a building plan for the Putatan Platinum Apartment project

14th April, 2011

PENAMPANG: Syarikat Perumahan Negara Bhd (SPNB) has approved 645 affordable housing schemes in Sabah worth RM44 million.

Its chairman Datuk Idris Haron said the projects had stringent requirements that called for developers to own the land for development.

Only applicants with a monthly household income of less than RM1,500, married and do not already own a house can qualify to purchase the houses.

Idris was speaking to reporters after attending a ceremony to hand over letters of intent to 28 contractors here yesterday.

The houses offered by SPNB under the Rumah Mesra Rakyat (RMR) programme are the most attractive thus far because 30 per cent of the cost is subsidised by the government.

Buyers only need to pay between RM42,000 to RM45,000 or 75 per cent of the house cost.

“Normally, they will pay a monthly instalment of RM150 for 22 to 25 years and that is why this housing project appeals to the low-income group,” he said.

Idris assured that qualified buyers will not be disappointed by the product.

He, therefore reminded contractors given the task to build the houses to carry out their jobs strictly according to specifications and not to compromise on the quality of building materials.

“Contractors who fail to implement their jobs well will be blacklisted and will not be given anymore contracts from SPNB,” he said.

Idris, however, expressed regret at the lack of revolving fund to meet the overwhelming demand for such housing from buyers.

   
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