A piece of land has been identified in the federal territories (FT) for a project to build houses that cost below RM200,000 each, to enable more middle-income earners to own a house.

Without stating its location, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pic) said his ministry was now discussing with the FT Land and Mines Department on the housing project.

"We have the land and will ask the developer to build as many houses costing below RM200,000," he said in Putrajaya today after witnessing the balloting for units of the Federal Territory Affordable Housing Project (Rumawip), Residensi Pandanmas 2, Kuala Lumpur.

He said the type of housing, the size of units and name of the housing project had not been decided yet but would be announced soon.

Adnan said the selected developer for the project must have a good record and the financial capacity to carry out the project to ensure it could be completed on time.

He said the project was mooted by Prime Minister Datuk Seri Najib Razak who wished to see Malaysians of all levels in society to at least own a house each.

Adnan also said that his ministry had between October 2013 and October this year, approved 23.40% of the projects to build affordable homes at RM300,000 and below each.

Today's balloting session was for 200 units at Residensi Pandanmas 2 priced as RM300,000 each and expected to be ready in October 2018.

Adnan said the first balloting session involved 300 units, and 1,720 units more would be offered to eligible FT residents. – Bernama, October 23, 2014.