Tag: affordable housing
Profits from development projects on RAC lands should be a recurring one.
IDEAS moots lesser government involvement in the construction of low-cost homes and more relaxed requirements.
The BTS scheme, which may reduce property oversupply and mitigate the risk to property owners, will be reviewed this year.
Masidi Manjun suggests the Sabah government carry out affordable housing projects on its own instead of going into joint ventures with the private sector.
Under the scheme, investors could be given favourable tax incentives in exchange for the purchase of homes to be rented out at below market rates.
The fund is for those with a maximum monthly household income of RM2,300 looking to buy properties priced up to RM150,000.
Housing and local government minister says the Residential Tenancy Act will follow a similar law in Scotland.
The government announces a major change to boost the sale of unsold properties in Penang.
The state government has ignored Putrajaya's request to identify suitable locations for such projects says Zuraida Kamaruddin.
EdgeProp Sdn Bhd chairman Tong Kooi Ong says housing for the low-income groups is for the government to develop, not the private sector.
'There's a need to shift our focus from house ownership to the provision of shelter.'
The prime minister says the Employees Provident Fund can invest in such platforms if they are confident of getting good returns.
The finance minister admits that the scheme is new and is not easy to comprehend.
State government is also looking into reducing the maximum price tag by RM20,000 to RM230,000 compared to RM250,000 previously.
Industry players say land costs in urban areas still a bane for developers.
A study by the Centre for Governance and Political Studies finds that many properties located within a 1km radius of the MRT Sungai Buloh-Kajang line are too expensive for the B40 and M40 groups.
Lau Zheng Zhou of the Asian Strategy and Leadership Institute says this will bring in income and reduce the need to build more affordable homes.
Majlis Tindakan Ekonomi Melayu opposes Johor Rehda's call to do away with the 15% discount for Bumiputera properties worth RM1 million and above and the requirement that 40% of units be set aside for Bumiputeras.
Other reasons include buyers' poor credit score and the oversupply of high-end property in the market that the average Malaysian cannot afford.
Deputy housing and local government minister Raja Kamarul Bahrin Shah Raja Ahmad says only 16,682 units have been completed out of the targeted one million by 2020.
Research arm of Rehda says 14,700 homes below RM500,000 still unsold in the first quarter of 2018.
The Johor BN chief says only the ruling coalition can guarantee development in Bakri and Muar.
Developers have failed to provide affordable homes at realistic prices and close to amenities and public transport, says house buyers' association.
The Penang exco says the goods and services tax places an extra burden on the Penang government in its efforts to provide affordable housing.