Affordable homes: Quota and prices to be streamlined

First of all, I always think that simplicity is the best. If there are 14 states with affordable homes programmes and each are having their own administration, I think that’s a waste of resources as well as making everything complicated when it comes to reporting or transparency. However, I would disagree that centralisation of all these should be done for the sake of doing it. I think it’s important to have a very clear plan on how to ensure those who need them really do get it. Second, it would be good to make sure all these so called policies are standardised even if prices may differ. Agree?

rumawipFollowing would be an article in on the streamlining of all the quotas and prices of affordable homes throughout Malaysia. According to Deputy Minister of Urban Wellbeing, Housing and Local Government, Datuk Halimah Mohamed Sadie, a working paper for this purpose will be presented to the National Housing Council. She added that this is necessary because some states are taking this matter lightly. She also mentioned that even the Mentris Besar, Chief Ministers were aware of the situation and had also suggested that the quota and prices be streamlined.

For those who are thinking about these affordable homes do note that even for these affordable projects, the banks are still going to lend based on their usual lending policies. It would also be good to search and view a few potential secondary ones for more potential choices. It would be a foolish reason to say that the new affordable homes projects are not in places you want and yet ignore the secondary market totally. Many times, buying earlier meant that the upgrade can also be done earlier in future. Buying later meant the next upgrade would only happen even later. Happy knowing what’s available and all the best.

written on 1 Nov 2016

Next suggested article:  The waiting game is best played after we own something

Advertisements is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

S P Setia, Sime Darby Property sells. EPF-PNB buys. RM8.35 billion of Battersea.

This could be considered a friendly transaction. Malaysian companies to Malaysian funds. S P Setia Bhd and Sime Darby Property Bhd will be selling the phase two commercial assets of the Battersea Power Station to Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB), in a deal worth £1.58bil (RM8.35bil). The transaction is expected to be […]

Read More

‘Money not enough’ from beginning 2019 till July 2019

Important notice where money and loans are concerned. Article in here.  Nomura Research warned in its recent 2019 outlook report, that a number of countries in Asia including South Korea, Greater China, Singapore, Thailand and Malaysia may be experiencing a sudden shortage in the availability of money for lending, leading to a decline in loans available. […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 905 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: