Overwhelming support for affordable homes | Selangor Times
Sunday
22·04·2018
Issue 118

 

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Overwhelming support for affordable homes
Writer: Alvin Yap
Published: Fri, 08 Jul 2011

SHAH ALAM: Over 1,800 applicants have applied for 200 medium-cost homes in Bangi, proving that the state’s scheme to provide affordable homes for those who need them is a success.

Tan Sri Khalid Ibrahim said the pilot project in Bandar Baru Bangi is slated to be completed in two years, and he hopes the demand will spur property developers into building more medium-cost homes.

“I accept that there is market demand for these medium-cost homes in the area in Bangi,” said the Menteri Besar during a press conference at the launch of the affordable homes seminar here on Monday.

The homes will be constructed with amenities like parks, playgrounds and open spaces.

Khalid pointed out that there is a shortage of affordable homes in the state, especially for families with a household income of RM2,500 to RM5,000.

The scheme is geared towards this group as they are not eligible for low-cost homes.

“There is growth opportunity in this market. Homes are getting more expensive,” Khalid said.

He pointed out that banks have approached the state administration to act as lenders to prospective buyers.

He said the development in Bangi is the first phase of the project, which will be followed by other areas in Selangor.

Khalid added that the selling price of the dwellings is kept a minimum as the state administration is closely involved with the Selangor Development Corporation (PKNS) to lower costs.

He said the state is charging PKNS low land premium rates to build the medium-cost homes.

The seminar was held to gather feedback, notably from the House Buyers Association, and architectural and engineering firms.

Khalid said the seminar was a success in garnering input from the various groups, with some 200 parties taking part in the debate and discussion.

 

 Selangor Times

 

 

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