Affordable housing not based on new launches alone, says think tank

The Center for Market Education’s Carmelo Ferlito says affordability is being measured based on a certain housing market, while people buy and sell in a different market.

The Center for Market Education said that currently, the PIR is being calculated for new housing development launches instead of looking at the secondary market, where 80% of transactions happen. He was commenting on a recent request by Prime Minister Anwar Ibrahim to the local government development ministry to review the conditions on affordable housing by developers.

He said a low PIR does not necessarily indicate a good level of welfare for the home owners, as they could be purchasing the properties due to economic stress or absence of demand.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Group urges Putrajaya to overhaul affordable housing policy, end M40 cross-subsidyKUALA LUMPUR, June 3 — The government should build new towns with affordable housing for rental only by those in the lower income group, and change the current “unfair”...
Source: malaymail - 🏆 1. / 86 Read more »

Plan affordable housing townships with sustainable ecosystem - groupACCCIM also supports affordable housing policy review.
Source: malaysiakini - 🏆 20. / 51 Read more »

On track to deliver more affordable homes this yearJohor's state housing and local government committee chairman said the committee expected to achieve its target of 2,574 affordable housing units this year.
Source: staronline - 🏆 4. / 75 Read more »