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?
Following would be an article in thestar.com.my 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
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