If the government is serious about rolling out affordable housing for the rakyat, it is time to consider stripping out compliance costs and making it more feasible for developers.
Doing away with compliance costs imposed by the authorities will reduce the total cost of construction, allowing for a more sustainable model for the construction of affordable homes.
REDHA Institute chairman Datuk Jeffrey Ng points out that given the constraints developers have to work with today, such as escalating land prices and the soft property market, it is about time compliance costs are stripped out of construction costs associated with building affordable housing undertaken by developers as part of the cross-subsidisation program imposed by the government.
MediaTitle: Focus Malaysia
Date: 02 Mar 2019