Issues In Affordable Housing In Malaysia
The lack of adequate number of affordable housing projects in malaysia has been an acute problem for a very long time.
Issues in affordable housing in malaysia. There is a shortage of affordable housing in malaysia with only a quarter of houses launched nationwide from 2016 to march last year priced under rm250 000 a news portal reported today. Recently pdc penang development corp has released an rfp request. The formulation of an effective policy on affordable housing is a priority task of new mayor of kuala lumpur datuk mahadi che ngah said federal territories minister tan sri annuar musa he said this was to enable low income earners to rent residential units at affordable rates we feel there are certain aspects that need to be given attention especially affordable.
It s a positive notion that new projects on developing affordable houses are being undertaken in the recent times but the number of affordable houses is still way low compared to the massive public demand. Clearly malaysia does not need to build more houses in the near to medium term. The government will have to balance increasing the supply of mid to luxury homes where demand has been slowing against the low supply of affordable housing in urban areas where a chronic demand.
Affordable housing provision has been at the forefront of the federal and various state governments policies in malaysia recently. Yet talk of people wanting to buy houses but not being able to do so abounds. The low income group or bottom 40 b40 households are the main.
