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Wednesday, November 30, 2011

Najib tables housing bill to help middle-income group

A statutory body will be set up to undertake strategic actions in tackling the issue of financial constraints faced by the middle-income group.

KUALA LUMPUR: Prime Minister Najib Tun Razak today said that the Perumahan Rakyat 1Malaysia (PR1MA) Bill was important to lessen the financial pressure faced by the middle-income group living in towns and outskirts of towns.

He said the bill was introduced for the overseeing of matters related to housing development and construction, infrastructure and other facilities under the PR1MA housing programme and to enable the establishment of a statutory body called PR1MA Corporation Malaysia.

Najib said PR1MA Malaysia would be an institution with a special focus and able to undertake strategic actions in tackling the issue of financial constraints faced by the middle-income group, efficiently and effectively.

“Through this initiative, a strategic socio-economic housing development model at the national level can be created, which will integrate the development of quality, affordable residential complexes with facilities for the local community, setting up of community institutions and looking after the economy of the middle-income group in the town areas and outskirts.”

He said this was towards the creation of a harmonious and sustainable society while reducing the cost of living.

Tabling the PR1MA Bill 2011 in the Dewan Rakyat today, Najib also revealed that the Bill has 81 clauses divided into 10 sections.

- Bernama

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