23 January, KUALA LUMPUR – The affordable housing project in Klang Valley is lagging far behind its 606,000 units target under the 11th Malaysia Plan (11MP), with only about 45,000 units of the homes completed currently.
“From what we have seen today, less than 50,000 units have been completed. We are far away behind from the target,” CBRE WTW managing director Foo Gee Jen said at the 11th Malaysian Property Summit 2018 today.
In November last year, the government said it had completed the construction of a total of 255,341 affordable homes since 2013, which was far from reaching its target of 1.1 million units by the end of this year.
In the last three years, Foo said, government agencies have come up with several affordable housing programmes, such as PR1MA, Rumah Selangorku, Federal Territories Housing Scheme, Program Perumahan Rakyat, Perumah Penjawat Awam 1 Malaysia, Rumah Mesra Rakyat 1 Malaysia and Rumah Idaman Rakyat.
He concluded his presentation by pointing out several ways that could be reflected in affordable housing policy including: providing more incentives for private developers, co-sharing infrastructure costs, centralising policy-making and delivery of affordable housing to eliminate hidden costs, simplifying application procedures and creating a one-stop data centre to provide information on the market.
– THE SUN