IPOH, April 5 (Bernama) -- About 80,000 individuals have benefited from the Housing Credit Guarantee Scheme (SJKP) to date, helping more Malaysians own their first homes, with a target of reaching 100,000 beneficiaries by the end of this year.
Housing and Local Government Minister Nga Kor Ming said the government has allocated and guaranteed a total of RM40 billion for the initiative, the highest amount to date.
“This scheme will continue to be strengthened, particularly to assist those without fixed incomes, including gig workers, in achieving home ownership,” he said after closing the Perak MADANI Rakyat (PMR) 2026 programme at Bulatan Sultan Azlan Shah today.
Addressing concerns over rising construction costs amid the global energy crisis, Nga said the ministry, through the National Housing Department, is actively seeking solutions to ensure overall costs remain manageable.
“We urge all construction industry players not to take advantage of the situation. This is a global crisis that has affected the entire world, including Malaysia,” he said.
In his speech earlier, Nga reaffirmed the ministry’s commitment to maintaining stable, affordable housing prices despite ongoing economic pressures.
He added that the ministry is closely monitoring ongoing housing projects to ensure they are not disrupted or delayed due to the current challenges.
-- BERNAMA
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