KUALA LUMPUR, Oct 21 — The government will continue to provide various incentives to developers who are committed to the construction of affordable housing, including tax relief and access to more strategic properties, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
Strategic partnerships with the finance sector will be intensified to ensure better access to housing financing for Malaysians, especially youth.
“It is vital that all parties pool their efforts together to create a housing ecosystem that reflects the true market capability, affordability, and demand.
“Government intervention for the target group is greatly needed as their capability to own a house at market prices is still low. The private sector needs to work together to build houses at affordable prices by localities,” he said in a Facebook post after chairing the National Affordable Housing Council meeting at Bangunan Ahli Parlimen dan Pentadbiran today.
It discussed affordable housing issues between the Federal and state governments, as well as industry players.
The meeting was attended by Johor Menteri Besar Datuk Onn Hafiz Ghazi, Deputy Sarawak Premier Datuk Amar Sim Kui Hian, housing excos from states in Peninsular Malaysia, related Federal ministers, and senior government officials.
Fadillah said the high-level council meeting had the main role and function of discussing and coordinating issues on planning, coordination, and monitoring of affordable housing targets, as contained in the 12th Malaysia Plan.
— Bernama
