The Housing and Local Government Ministry in Malaysia is introducing a new public housing model called Program Residensi Rakyat (PRR), aiming for integration, sustainability, and livability. Each PRR unit will cost RM300,000 but be sold at RM60,000, with a portion allocated for maintenance.
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Public housing
Minister Nga Kor Ming emphasized a 10-year moratorium on selling units to prevent exploitation. This initiative, discussed during the Asia Real Estate Leaders Study Tour in Hong Kong and Shenzhen, seeks to provide quality homes to low-income groups. The tour, organized by Rehda Institute, explores urban redevelopment, public house policies, and strata laws.
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