Quick fixes not the solution

Elvin: ‘Developers’ profit is tied to a bundle of risks. Our bundle of risk is very high.’

KHONG & Jaafar group of companies managing director Elvin Fernandez says quick fixes will not solve the housing issue which is bogged down by high household debt, resulting in stricter lending, and insufficient supply of affordable housing.

He says there are several issues that the Government and state authorities need to focus on simultaneously.