Apr 22 2019, 02:17 PM
QUOTE(icemanfx @ Apr 21 2019, 06:59 PM)
PETALING JAYA (April 20): Housing and Local Government (KPKT) Minister Zuraida Kamaruddin praised the doubling of affordable housing under the revived Bandar Malaysia project, reports Malaysiakini.
The announcement about the Bandar Malaysia revival by Prime Minister Dr Mahathir Mohamad yesterday was that the former air force base in Sungai Besi being developed into Bandar Malaysia would be reinstated, with some alterations to the initial plans.
A total of 10,000 units of affordable homes will be required to be built, double the initial number which was 5,000.
"The government's decision to have 10,000 units of affordable homes in Bandar Malaysia is a very good move, considering that the real estate at the location is of high value," Zuraida was quoted saying.
https://www.edgeprop.my/content/1514518/zur...-very-good-move
There will be competition in rental market.
Now Bandar Malaysia "reactivated", suddenly the whole equilibrium for this area has changed.The announcement about the Bandar Malaysia revival by Prime Minister Dr Mahathir Mohamad yesterday was that the former air force base in Sungai Besi being developed into Bandar Malaysia would be reinstated, with some alterations to the initial plans.
A total of 10,000 units of affordable homes will be required to be built, double the initial number which was 5,000.
"The government's decision to have 10,000 units of affordable homes in Bandar Malaysia is a very good move, considering that the real estate at the location is of high value," Zuraida was quoted saying.
https://www.edgeprop.my/content/1514518/zur...-very-good-move
There will be competition in rental market.
To borrow a term from Star Wars, "the force is strong with Bandar Malaysia...hmmm".
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