News – Making way for affordable homes

Initially, it will be affordable homes. But lucky early people who buy the property in current environment, will most likely only see the monetary gain from acquiring the said property. Most of the government land is located in the prime location, almost everyone will find ways to convert their “affordable” homes into “affordable” paychecks. People knew that everything is rising around them especially food price. So, when everything in term of price is rising around them, what else that they have that can counter or reduce their burden? When someone start selling the “affordable” homes at the higher price, automatically every other property around them start to rise. It is come naturally since current environment is a speculative environment where people are forced to speculate in everything (stocks, property, commodities, currencies, etc) to counter the effect of inflation.

 

“As of now, Malaysia needs 180,000 homes a year but the industry can only supply 100,000 units. One of the many ways to counter this problem is to identify federal or state lands which can be converted into affordable housing schemes,” Yam told reporters at Rehda’s headquarters here yesterday.

Yam was presenting a paper at the roundtable discussion on “Housing Affordability – Issues and Challenges”, launched by Housing and Local Government Minister Datuk Seri Chor Chee Heung.

The land includes sites of government quarters, public golf courses or land after the relocation of residential schools and zoos.

“We need to shift development focus of government-owned land to affordable housing, instead of commercial projects such as the Rubber Research Institute land in Sungai Buloh, Pudu jail and the Sungai Besi airport.

For immediate action plan, focus must be given to build affordable homes, from low cost with prices ranging between RM150,000 and RM350,000.

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