24 October 2009
For Immediate Release

By: Prof Dr. Sr. Kamarul Rashdan bin Salleh, Managing Director

Bachok, Kelantan, October 24 - Syarikat Perumahan Negara Berhad (SPNB) a wholly-owned subsidiary of the Minister of Finance Incorporated (MOF Inc.) has successfully completed the construction and has delivered more than sixty units of Rumah Mesra Rakyat (RMR) in Bachok, Kelantan for 2009.

In a ceremony held in Bachok, Kelantan today, Y.B. Senator Datuk Dr. Awang Adek Hussin, Deputy Finance Minister handed over more than sixty units of house keys to the blissful house owners of RMR.

Rumah Mesra Rakyat (RMR) is a special housing programme initiated by the government to assist low income groups who face difficulties in obtaining financing for their homes from financial institutions.

According to Prof. Dr. Sr. Kamarul Rashdan bin Salleh, the Managing Director, SPNB builds detached houses with three bedrooms and 2 bathrooms on the applicants’ land. Costing around RM70,000 to RM80,000 per unit, the applicants only have to pay two thirds of the total cost while the balance is subsidized by the Federal Government. He believes that an installment of RM150 for 23 to 29 years is within their means for such wonderful homes.

In Kelantan, a total of 1,001 units of such houses have been constructed from 2,802 applications that have been approved. Bachok district records the highest number of RMR with 334 units completed, followed by Pengkalan Chepa with 204 units.

Apart from the RMR program, SPNB also offers Rumah Mampu Milik (RMM) or affordable housing which is open to all Malaysians. SPNB is committed and in currently developing 35 projects involving 35,583 units of affordable homes throughout Malaysia under this programme.

Currently, SPNB has embarked on four RMM projects in Kelantan which features a total of 2,713 units of various houses at Taman Bator Harmoni in Bachok, Taman Perisai Wira in Kuala Krai, Taman Merbau Utama, Kok Lanas and Taman Sri Bayu in Tumpat. SPNB is targeting to develop another 590 unit houses in Machang and Pasir Mas.

Apart from RMR, SPNB has also revived 75 abandoned projects consisting of 23,185 units of houses throughout Malaysia. To date, SPNB has been instructed by the Ministry of Finance under the purview of Ministry of Housing and Local Government to complete the rehabilitation works for 257 abandoned projects consisting of 74,652 units of houses.

These housing programmes are another example of the Federal Government’s 1 Malaysia caring policy where ‘People First, Performance Now’ irrespective of the people’s race, religion or ideology. The Government aims to improve the rakyats quality and standard of living and we at SPNB fulfills aspire to fulfill them.

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