Parts of the old Sungai Besi airport site will be used for property development as part of the government's quality housing programme, said Prime Minister Datuk Seri Najib Tun Razak.
1Malaysia Development Bhd (1MDB) is tasked to develop the land after the airport is closed.
"A certain portion of the land will be used for quality affordable housing for the rakyat," he said at One FM interview on 23 June.
The government-owned development company acquired the land site, which it plans to develop into a commercial, residential and recreational area called Bandar Malaysia.
PM Najib said the housing programme, called Perumahan Rakyat 1Malaysia (Prima), will offer homes at discount value, as part of an effort to provide affordable housing.
Sime Darby, SP Setia, Putrajaya Corporation and other property developers had been invited to participate in the programme. He pointed out that the development will be conducted under a social business model.
"The developers are not there to make money but to provide quality affordable housing," said PM Najib.
"They have to present their business model and costing and we will do an analysis to make sure they don't make but don't lose money either."
He also recommends that home buyers take advantage of the government's My First Home (MFH) scheme with its 100 percent financing home loan programme.
Prima is expected to be launched in July, said PM Najib.
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