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The research branch of Rehda says that 14,700 homes below RM 500,000 are still unsold in the first quarter of 2018.
Interstate migration will lead to higher demand for housing, says real estate association and promoters.
LUMPUR: Prices varying between 200,000 and 500,000 RM depending on the locality are proposed as the threshold price for affordable housing in Peninsular Malaysia.
The figures were proposed by the independent research institute of the Association of Real Estate Developers. Five bands of affordable housing price thresholds have been proposed for localities on the peninsula.
Kuala Lumpur and Klang Valley: RM 500,000 Other parts of Selangor, Penang Island and Johor Bahru: RM 400,000 Seberang Perai (Penang), Johor, Melaka Negeri Sembilan: RM 350,000 Terengganu, Kedah, Perak, Perlis and Pahang R $ 250,000 Kelantan RM 200,000
Rehda Malaysia President Fateh Iskandar said the findings did not reflect the position of the association. [19659004] "Rehda Institute is an independent branch of Rehda Malaysia, whose research and studies were conducted independently," the minister said at a press conference after the presentation of the research results
]. Until the first quarter of 2018.
Research has identified nine structural problems in the current affordable housing system, namely the fragmented and inequitable playing field, rigid housing policies, inadequate location noted, and the price of land
. were unequal cross-subsidies, increased development costs, unproductive use of public resources, low financial capacity for Bottom 40 and Middle 40 income groups, and lack of housing market data [19659004thefreemarketalsoaddedtothecostofownershipandtheoverallcostofdevelopment
"This will increase the prices of non-Bumiputera lots as a cost. In order to solve the problems, the research suggests that the government has the responsibility to build affordable housing and that the private sector needs to provide property-oriented housing. market without price control or quota.
It also suggests that the government must "unlock lands for social purposes and social housing", as well as provide financial assistance to housing
Fateh said that the request for housing was on the rise due to the growth of intra-state migration. "Once the economy picks up, the demand for housing will be stronger and we must find a solution to this problem, in which we hope the Government will be able to work with cities like Kuala Lumpur for work and education. "
The Rehda Institute will write its full report in four to five years. maines
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