KUALA LUMPUR: The Institute for Democracy and Economic Affairs is concerned about the government’s ambitious plan to build one million affordable homes in 10 years and has cautioned against its direct intervention in the property market.
A senior fellow of the private sector think-tank Carmelo Ferlito said yesterday it was too ambitious a plan when the private sector was only able to provide an average of 200,000 new launches across all price ranges per year during the best years of the property market.
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