Melaka: Melaka needs to build at least 4,100 new housing units each year to achieve its target of 88 per cent home ownership by 2030. Melaka Housing Board (LPM) executive director Datuk Murad Husin said the target, set in 2020, aligns with policies aimed at improving public access to affordable housing.

According to BERNAMA News Agency, Murad highlighted that Melaka has maintained this average annual construction rate, even during challenging periods such as the COVID-19 pandemic. He expressed satisfaction with the performance in new housing construction and conveyed confidence that the target can be achieved. Murad shared these insights with reporters after the launching of the Melaka Affordable Housing Expo (RMM) 2025.

The expo, inaugurated by Housing, Local Government, Drainage, Climate Change and Disaster Management Committee deputy chairman Datuk Zulkiflee Mohd Zin, featured participation from 13 developers and seven related agencies. These included financial institutions and the Housing Credit Guarantee Scheme (SJKP), all aiming to assist eligible buyers.

A total of 1,160 home ownership units were offered at the expo, with purchases subject to basic conditions such as LPM approval and compliance with first-time homebuyer criteria. Murad emphasized the prioritization of individuals within the specified income range to ensure they have the opportunity to own homes. He noted that some buyers, despite having payslips, face ineligibility due to high financial commitments, where the SJKP plays a crucial role in securing financing for them.

Murad further noted that Melaka continues to offer the lowest average residential prices compared with several other states, attracting interest from locals and buyers outside the state.