News : S’gor eyes more affordable homes

2015 Mar 21

15,000 units to be built over next two years

There is no point in building affordable homes outside the urban areas, as this does not meet the aspirations of the state government to ensure that low- and middle-income earners who work in the city can afford homes. — AZMIN ALI

KLANG: The Selangor government has targeted 15,000 units of affordable homes to be constructed within the next two years.

Citing data from the National Property Information Centre which showed that house prices had increased since 2011 at a rate of between 9.96% and 12.3%, Mentri Besar Azmin Ali said it was crucial to have affordable houses for the people.

“Houses are becoming less affordable for young graduates and middle-income earners, so they rent or stay outside the urban areas,” he said at the launch of Sime Darby Property Berhad’s 2,403 units of affordable homes under the “Rumah SelangorKu” programme in Bandar Bukit Raja 1 near here.

Azmin said the demand for affordable homes was very high in certain areas in Selangor, especially in the Klang Valley.

“There is no point in building affordable homes outside the urban areas, as this does not meet the aspirations of the state government to ensure that low- and middle-income earners who work in the city can afford homes,” he said.

Later at a press conference, Azmin said affordable homes were included in Selangor’s 2015 Budget.

Seven more affordable home projects by various developers would be launched this month, he added.

He said the state was committed in delivering affordable homes to the people and incentives had been offered to developers that comply with the project.

“The premium rate for land has been reduced from 25% to 10% and we have agreed to consider the application to increase density to 120 units of houses in one acre,” Azmin added.

He said the state government had also agreed to do away with building and developing charges, and all applications made to government agencies would receive approval within 60 days.

Meanwhile, Selangor Housing, Building and Urban Settlers Management Committee chairman Iskandar Abdul Samad said in his speech that developers in the state must build homes ranging between RM42,000 and RM250,000 per unit under the “Rumah SelangorKu” programme.

He added that failure to build such affordable houses for “Rumah SelangorKu” may result in the companies and their board of directors being blacklisted.

Good move and support !! Bravo..

This post has been edited by brensek: Mar 22 2015, 10:49 AM

Wisteria @ Bandar Rimbayu

Wisteria @ Bandar Rimbayu, Telok Panglima Garang

not yet boss...

Haha bos bos..with 700-800k price ranges..I can get 2 medium units bos.. its all about the bullet n the strategy

Not in rimbayu la. .aim on another location boss...
Landed or highrise doesn't matter.
IOI bdr puteri bangi @ almyra 343k got what

Try to get 1 almyra boss.. atleast for 5 - 10 yrs investment...theme park n tesco on da way...

Perennia @ Bandar Rimbayu. Corner and end lot only.


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