HDC restructuring to focus on social housing, corporate culture

KUCHING: Housing Development Corporation (HDC) is currently undergoing restructuring with a focus on social housing and adopting corporate culture.

Chairman Datuk Dr Abang Abdul Rauf Abang Zen said in terms of social housing, HDC is working on a formula to, among others, enable those with a monthly household income of RM3,500 and below to own affordable housing priced between RM50,000 and RM60,000.

Our main core business is to provide affordable housing. If you survey the household income of those with RM3,500 and below, they can only afford to have around RM200 as disposable income to pay for their house.

So with the disposable income of RM200 a month, they will be able to pay for houses that are priced between RM50,000 and RM60,000. So we are trying to get more of this type of products and we are going into a new formula, he told The Borneo Post at his Hari Raya Aidilfitri open house yesterday.

We are building homes, which is different from building houses. As for homes, you have people in a family setting and geographical community setting and participate in having a new type of living where they will be very satisfied.

He said HDC is also looking to provide more conducive living to its clients by upgrading their houses.

HDC regards all our house owners-clients as our friends and we want them to increase their income. Meaning that, the house they are living in now will be upgraded when they have a better income.

To increase their income, we must work together with other agencies like the economic, education and training sectors so that they will have credit worthy house occupants. Meaning, their income will increase and we will upgrade them to live in better housing with the condition that they can afford, he said.

Dr Rauf added HDC will also look to adopt corporate culture for more efficient and effective performance.

So we will work together with the private sector. Over the past 15 years, we have also been engaging with Sheda (Sarawak Housing and Real Estate Developers Association), our very close stakeholder and partner to build up the new culture, he said.

Source: The Borneo Post