Budget 2014: Initiatives a big boost for affordable housing

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DEVELOPERS and property consultants said the Government’s affordable housing initiatives proposed under Budget 2014 would ensure better planning, coordination and execution to meet the urgent demand for such housing units among the lower and middle-income group.

Managing director of property consultancy VPC Alliance Malaysia Sdn Bhd James Wong said the Government’s initiative to establish the National Housing Council (NHC) to develop strategies and action plans to build affordable housing priced from RM150,000 to RM450,000 would help to streamline and plan the one-million-unit target of affordable housing over a five-year period.