Builders told to allocate 30% of project for affordable homes


Sharing insights: Abdul Rahim and Halimah at a briefing after the seminar.

KUALA LUMPUR: Property developers are being urged to allocate at least 30% of their development portfolio for affordable housing to cater to the growing demand for such properties.

Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman said state governments should make it a condition to build affordable homes when property developers undertake the development of a plot of land.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , property , affordable , homes , construction ,

Next In Business News

Bracing for a higher rate era
AI trade turns selective
Hormuz gloom for European stocks
Asia-Pacific debt markets gain traction
Prioritising compute power over health
Sobering times for alcohol industry
Mountains teeming with tea
Climate tech latest investment play
Oriental Kopi’s quick profit dip highlights challenges in F&B sector
Taking maths by the horns

Others Also Read