The Housing and Local Government Minister said Malaysia had last month inked deals with eight China-based companies to invest in Malaysia, transfer pre-fabrication construction technology, and offer rent-to-own option to buyers.
She said this after launching the National Affordable Home Policy, the National Standard, and Construction Industry Standard at Elmina Centre here Saturday .Zuraida also allayed fears that the China-based companies would pose a threat to local players. "With the entry of the China-based companies we can build many more affordable homes to meet our target "With IBS technology, we can lower the cost of construction in terms of lower cost of material, lower labour cost, and shorter timing ," she said, adding that it would also reduce dependence on foreign labour.