The government has prepared a new 25-year social housing reform to facilitate access to housing for low- and middle-income citizens. According to the plan, it is aimed for a total of 2.5 million citizens to become homeowners with 100 thousand houses every year, while the 10 percent down payment and 240-month maturity model stands out.
NEW SUPPORT FOR THOSE WHO WANT TO BECOME A HOMEOWNER
According to Sabah’s news; The government has put a new long-term reform package on the agenda to facilitate access to housing.
At the center of the package is the goal of enabling low- and middle-income citizens to become homeowners under more favorable conditions.
HOUSING TARGET FOR 2.5 MILLION PEOPLE IN 25 YEARS
According to the new plan, 100 thousand citizens’ access to housing will be supported every year for a 25-year period.
At the end of this target, it is aimed for a total of 2.5 million low and middle income people to become homeowners.
500 THOUSAND SOCIAL HOUSES WILL BE COMMITTED
It is planned to build 500 thousand social housing units across the country in order to reduce the pressure on rent increases.
This step aims to both increase the housing supply and balance the pressure on rents.
