Malaysia

KL home for under RM350,000? Unlikely, Chor concedes

KUALA LUMPUR, Nov 30 — Housing and Local Government Minister Datuk Seri Chor Chee Heung today admitted that it was almost impossible to expect a housing developer to build an affordable home costing under RM350,000 in the capital.

In this regard, he suggested that developers build houses in easily accessible areas like Rawang in Selangor and Pajam in Negri Sembilan at below RM400,000, which could still be categorised as affordable.

On the issue of abandoned houses, Chor (picture) said the number of abandoned projects indicated a significant drop since three years ago and this was proven through his key performance indicators (KPI) for 2011 and 2012.

“I was instructed by the prime minister (Datuk Seri Najib Tun Razak) to ensure that houses abandoned by private developers, especially the medium- and low-cost houses, be completed for the existing buyers.

“The KPI given last year was 30, but I managed to complete 32 housing projects. The KPI was raised to 35 this year and I also managed to meet the target,” he told a press conference after visiting a housing exhibition, “Star Property Fair 2012”, at the Kuala Lumpur Convention Centre, here.

Chor also said that the ministry was seeking the best approach to attract the interest of developers to first build and then sell to avoid the problem of abandoned projects.

He said it was hoped that the housing exhibition could be held again next year to meet the demand of the middle-income group.

The exhibition, which ends on Sunday, has 60 housing developers participating, with over 200 exhibition booths. — Bernama

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