by Cheryl TaySabah residential developers have laid down three conditions to the state government, in an effort to ensure that the industry will not be jeopardised by the 30 percent affordable homes they are required to build in every new project starting next year.
According to Datuk Susan Wong (pictured), President of Sabah Housing and Real Estate Developers Association (Shareda), developers want the State Government to consider building “the 30 percent in a separate site where the land is much cheaper and with ready infrastructures.”
Secondly, developers assert that there must be no limitations on the floor size of the affordable houses, which usually measure 800 sq ft each.
“An 800 sq ft floor size house is just nice to squeeze in three bedrooms and two toilets,” she said, adding that the price of RM250,000 translates to a cost of RM312 psf.
If developers build houses with smaller floor sizes, they would have to be priced at a rate lower than RM312 psf.
Moreover, the third condition requireds the government to review and revise the prices of the affordable homes every five years, as the country will become a high-income nation by 2020.
“By 2020, the price for affordable homes might no longer be RM250,000 but RM300,000 or higher. Furthermore, wages of workers are also getting higher along with the cost of living.”
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