Plenty has been said about the industrialised building system (IBS) in Malaysia over the years, but adoption in the private sector remains slow as developers lament they have been caught in a Catch-22 situation.
For while the government is pushing for greater adoption of IBS on one hand, which requires a high start-up cost, it is also urging developers to lower property prices at the same time, in the face of the affordable housing conundrum.
According to the Construction Industry Development Board, adoption in the private sector stood at 35% as at January this year, while the target set to be achieved by 2020 — which is just 10 months away — is 50%.
Media Title: The Edge Financial Daily
Date: 18 Feb 2019