KUALA LUMPUR - The lowest price for a housing unit in Kuala Lumpur is about RM300,000 (S$116,008) but the average urban Malay can only afford a property below RM150,000, said Federal Territory Umno chief Datuk Seri Tengku Adnan Tengku Mansor.
He said the Malays in the FT own only about 93,000 units of property, which is a mere 21.7 per cent of residential properties available as most cannot afford the sky-high prices of houses and apartments in Kuala Lumpur.
"Umno and the Government need to urgently address their plight."
"This is a bitter fact faced by the Malays in the Federal Territories and needs to be addressed," he told delegates at the FT Umno convention at the Putra World Trade Centre here yesterday.
Tengku Adnan, who is FT Minister, said more than 42,000 or 90 per cent of those applying to rent or buy residential units from City Hall are Malays.
He added that statistics on household income and poverty showed the average monthly income of a Malay family in the Federal Territories was between RM2,000 to RM3,000 a month, which classifies most of them as urban poor.
He said FT Umno does not want to see such a situation continuing into the future, adding that the party is committed to help bring the urban Malays out of the poverty line.
Tengku Adnan said widening property ownership and narrowing income gaps of urban Malays with other races is part of the agenda that FT Umno would be focussing on.
The others are: strengthening the position of Islam, strengthening Barisan Nasional, reaching out to the youths and professionals and solving the people's problems.