PUTRAJAYA: More than 1,000 units of Rumah Belia Madani (RBM) will be built in Kuala Lumpur over the next five years.
This is made possible following an agreement signed between the Local Government Development Ministry and BMG Global Sdn Bhd for the construction of these houses.
Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said a total of 1,048 RBM houses would be built on a “cross subsidy” basis by the ministry and the company.
He said the developer would build 1,996 units of Rumah Mampu Milik (RMM) priced at RM300,000 and below for youth under the age of 35. Profits from the sale of these houses would be used to build RBM units as “return in kind” to the government, Bernama reported.
“The cost of constructing 3,044 housing units on 5.17ha of government land in Batu, Kuala Lumpur will be borne by the developer.
“The rebranding of RBM, which was previously known as Rumah Transit Belia (RTB), is in line with Prime Minister Datuk Seri Anwar Ibrahim’s aspirations,” he told a press conference after witnessing the signing of the RBM Mukim Batu development agreement yesterday.
RBMs will be developed near the Kepong Metropolitan Park while RMMs will be built near the PPR Batu Muda in Kuala Lumpur.
