Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, September 25, 2012

Affordable homes concept to be out soon

The Federal Territories and Urban Wellbeing Ministry is in the midst of formulating a concept for affordable homes with regards to the middle-income group.

According to Kuala Lumpur City Hall (DBKL) deputy director-general (project implementation and maintenance) Mohd Najib Mohd, the formula will be ready within a month.

He said the ministry was aware of the vacuum that exists in the community between the rich and the poor.

“The ministry is working on some of the criteria such as having the homes within the city, controlling the price and having a specific size.

“We hope that if the projects come through, the middle-income group can afford to live in the city by 2014 or 2015. But we won’t be able to see anything until the guidelines are out as we will have to follow them.

“We will have to facilitate the conditions and put it into the development if there are DBKL projects in the pipeline.

“We are willing to be partners with private developers.

He added they did not want people working in the city to travel very far from where they live.

On Sept 15, Kuala Lumpur mayor Datuk Ahmad Phesal Talib announced that DBKL were considering two pilot projects for the middle-income group.

He had said based on the growing demand, there was a need to provide such homes, especially for the younger generation while trying to cap the unit price at below RM400,000.

By The Star

No comments: