The property market has a more than sufficient supply of affordable housing, but what is insufficient are the “right housing products” to cater to the high demand for affordable homes, says real estate agency Zerin Properties managing director and CEO Previndran Singhe.
“The oversupply is due to product mismatch as [some affordable housings] do not meet the requirements of homebuyers in terms of affordability, location and connectivity as well as quality, hence, affordable housing will remain as the main focus of the government,” he tells EdgeProp.my.
He observed that transit oriented developments (TODs) and transit-adjacent developments (TADs), which offer lifestyle home features as well as convenience to commute to work, will continue to attract first-time homebuyers and have greater capital appreciation potential owing to increasing demand.
Media Title: The Edge Financial Daily
Date: 17 May 2019