Government to utilise federal land for affordable homes

Scientex Pasir Gudang, MalaysiaThe government aims to build affordable homes for middle-income households earning less than RM5,000 by providing federal land to private sector.

According to Datuk Seri Chor Chee Heung, Minister of Housing and Local Government, 42,078 units of affordable homes will be built in 20 locations throughout Seremban, Rawang and Klang Valley.

"The government still has large tracks of unused land and has handed it to the private sector to build affordable houses for the middle-income group," said Chor, adding that public and private partnerships have helped reduce the government's housing burden.

Chor noted that the demand for housing plus rising construction costs and land shortage have caused the continued increase in property prices. Hence, the federal government has pushed for building low-cost houses for households earning less than RM2,500 a month, with the state governments playing a vital role in overcoming the issues related to affordable housing.

"If the state government is willing to come up with the land, the federal government will pump in the cost of building the units."

Furthermore, management of the built units would be handed back to the state government.

For the latest property news, trends, resources and expert opinions, visit our Property News section. Home buyers, sellers or property renters looking for Malaysian Properties, may like to visit today.

Related Stories:

Government keeping an eye on home prices in Malaysia

NGOs push government to halt hillslope projects

No plan to control property prices in Malaysia: Governmentv

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.