KOTA BELUD, October 25 — Urban Well-being, Housing and Local Government Minister Datuk Abdul Rahman Dahlan said the Sabah Housing and Real Estate Developers Association (Shareda) has misinterpreted his proposal over the 50% affordable housing.
Abdul Rahman said he had proposed to the state government to impose a condition on developers to build at least 50% affordable houses and not low-cost units in a housing project.
“Low-cost homes needed to be cross subsidised by high-end units, but in this case what I said was at least 50% must be affordable houses,” he told reporters after opening the Kota Belud Tamu Besar here, Sunday.
Yesterday, Shareda president Datuk Francis Goh said opposed the idea, citing it as a ‘Robin Hood culture’, stealing from the rich and giving to the poor, and would force developers to “close shop”.
Abdul Rahman said developers who built only high-end houses and ignored affordable houses in a housing project would have trouble selling the units during economic slowdown.
“It’s better to get genuine buyers such as first home buyers rather than buyers who invest to speculate,” he said.
On Oct 19, Rahman proposed to the state government to impose a condition on developers to build 50% affordable houses to address soaring house prices in Sabah, especially in Kota Kinabalu, Sandakan, Tawau and Lahad Datu.