Weekly Industry News

No oversupply fear

Weekly Industry News

The building of 10,000 units of affordable housing in the revived Bandar Malaysia will not result in an oversupply because there is a lack of them in the city, property consultants, an economist and government housing agency PR1MA said.

The project is located on the site of the former Royal Malaysian Air Force base in Sg Besi, Kuala Lumpur.

Perbadanan PR1MA Malaysia chairman Tan Sri Eddy Chen said: “PR1MA does not have many new units in Kuala Lumpur. The location will benefit those in the bottom and middle 40 income group as Bandar Malaysia is to be built as a transportation hub with connectivity to match.

MediaTitle: The Star

Date: 22 Apr 2019

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