GEORGE TOWN - Prime Minister Datuk Seri Najib Tun Razak today expressed the government commitment to continue to focus on providing more affordable housing for the low- and middle-income groups.
He said the concept of comprehensive and holistic development was most necessary to ensure that these groups had the capacity to own equity.
"It is for this reason that I recently changed the original criteria to the concept of well-being transformation. When we emphasise well-being transformation, it involves the question of property ownership.
"For me, property ownership is more meaningful than equity ownership for an individual because land is a substantial asset of value to our families.
"As such, we see housing development not solely from the perspective of an economic project but in the concept of development of the people and development of bumiputeras based on the well-being concept," he said during a visit to the Casa Anggun housing project in Sungai Nibong here.
The second phase of the project involved the construction of 340 units of medium-cost houses of 800 to 900 sq ft at the starting sale price of RM324,000, twenty per cent cheaper than the market price, and which were