Tuesday 23 October 2012

Location biggest factor in affordable housing


The government must consider location should as the biggest consideration in affordable housing projects, said Foo Gee Jen, Managing Director at CH Williams Talhar & Wong Sdn Bhd.
"There is always a mismatch when it comes to affordable housing. You can't build 10,000 low-cost units in Bukit Beruntung even if you sell it cheap," said Foo, during a presentation at the CIMB Preferred's 76th Financial Advisory Series.
"It is not only about building many homes. The public needs to know where."
Foo noted that instead of providing subsidies, it would be better to limit the number of items that property firms had to contribute to.
"They (developers) even pay for the traffic light. There is such a long list. Consumers end up paying for all this."
Meanwhile, Prime Minister Datuk Seri Najib Tun Razak commented last week that the government was considering a model to help developers in paying for infrastructure so that houses could be sold below the market price, adding that developers could approach the 1Malaysia People's Housing Programme (PR1MA).
Foo noted that Sungai Buloh-Kajang line of the My Rapid Transit has plots of land suitable for affordable housing projects, which include government-owned real estate in Taman Suntex and in Jalan Duta as well as Kota Elmina near Sungai Buloh.
"If the government is serious about providing affordable housing, it has to take care of the urban poor within this location, not at Kuala Selangor."

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