National Higher Education Fund Corporation (PTPTN) borrowers listed in the Central Credit Reference Information System (CCRIS) will be able to buy their first house, said Housing and Local Government Minister Zuraida Kamaruddin. She said the initiative would allow young people to have their own home and it involves the purchase of all types of housing and not just under her ministry.

According to her, this initiative will be launched with another scheme for youth housing on Oct 18 in collaboration with the youth and sports ministry.

“Just to buy a home, they will be removed from the CCRIS (creditworthiness) list,” she told reporters after attending a press conference on Hi HOME’s property conference.

Also present were Youth and Sports Minister Syed Saddiq Abdul Rahman and founder and CEO of Hartanahbumi dotCom Sdn Bhd, Radzi Tajuddin.

Meanwhile, Zuraida said 30% of the 10,000 units of affordable homes to be developed in Bandar Malaysia will be allocated to youths.

Commenting on the matter, Syed Saddiq said it was one of the government’s initiatives in helping young people to own homes in strategic areas.

“It is important because, in Bandar Malaysia, which is one of the most strategic projects, there will be 3,000 units especially for young people,” he said.

Meanwhile, Radzi said the Hi HOME conference will be held on July 25 at the Malaysian International Trade and Exhibition Centre (Mitec).

Concurrently, the Real Estate Expo will be launched online at http://www.hihomes.my/ for three months, ending on Oct 31.

“A total of 100 housing projects nationwide, 50% of them affordable housing projects, will be offered through the online expo.”

He estimated the value of the entire property stocks on sale at RM3.4 billion.