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SPNB To Offer Attractive Housing Packages To Low, Middle Income Group

Last update: 14/02/2011By Yuri Azhar Mazlan KUALA LUMPUR, Feb 14 (Bernama) -- Syarikat Perumahan Negara Berhad (SPNB) will launch mega nationwide promotion, offering 10 to 30 percent to attract prospective buyers for houses priced between RM35,000 to RM250,000.

The houses will be offered to low and medium wage earners who will not have to pay a deposit to own such houses.

SPNB managing director Datuk Dr Sr Kamarul Rashdan Salleh said he was confident of achieving the targetted sales of 6,300 houses for the year, through the promotion.

"In 2010, SPNB sold about 3,000 units worth about RM400 million, and made a pre-tax profit of about RM15 million.

"Based on last year's success, SPNB is confident that sales this year will double since we are going to sell in cooperation with Cagamas Berhad (Cagamas), while offering an attractive package, including, a discount of between 10-30 per cent - depending on the location - along with free legal services.

"Apart from Cagamas Berhad, Malaysia Building Society Bhd and Bank Simpanan Nasional (BSN) are also involved," he told Bernama in an interview here today.

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 in accordance with the National Housing Objective.

SPNB is also responsible for implementing the Rumah Mampu Milik Programme and the Rumah Mesra Rakyat Programme to ensure low income groups are able to affordably own comfortable homes.

It is also an agency for Rehabilitation of Abandoned Housing Projects, Government Quarters Programmes in the Klang Valley via SPNB-LTAT Sdn Bhd (USL) for various agency and government bodies and Special Project Programmes such as Program Perumahan Rakyat (PPR), Tsunami victims in Malaysia and Acheh, Indonesia as well as resettlement for flood risk areas.

Kamarul said packages offered by SPNB were very competitive compared with those offered by developers because through cooperation with Cagamas, buyers with an income of RM3,000 and below, will be able to own a RM220,000 house without having to making a down payment.

"This year, SPNB will work with state governments to start four housing projects to build 1,200 units in Selangor, Kedah, Johor and Sabah.

"Under the Affordable Homes Ownership Programme (RMM), SPNB has also developed 33 projects involving 35,000 units of houses throughout Malaysia and of this, six will be completed this year.

"What makes SPNB different from other housing developers is that it is not a profit-based venture but rather to fulfill the government's aspiration of providing affordable houses to the targetted group, especially the low and middle income group.

"This group sometimes face difficulties to buy a house because of their low income or poor credit records in banks or those who are not cleared by the Central Credit Reference Information System (CCRIS) and Credit Tips Off Sdn Bhd (CTOS), a credit record reference company," he said.

For information on housing projects undertaken by SPNB, prospective buyers can surf the www.spnb.com.my website or contact 03-2052 3838 for information.

-- BERNAMA