Mar 30 2011 |  |
| Extract from Business Times (30/03/11) THE government will allocate a portion of its landbank for the construction of affordable housing, especially for Malaysians eligible for the My First Home Scheme. Housing and Local Government Minister Datuk Chor Chee Heung said the affordable housing project, which will likely be stratified properties or apartments, will either be built by the government or through joint ventures with the private sector. "The government is looking at its landbank for the purpose of building houses for those earning RM3,000 a month and below. "We also hope that the state governments will do their part by imposing quotas for developers to build affordable homes, besides low-cost houses," he told a news conference after launching Green Building Index Township Rating Tool and Residential New Construction Tool (Version 2) in Kuala Lumpur yesterday. |
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