Costly move for housing

1 An aerial view of Ipoh city and its surroundings. — filepic2 Dr Mah (centre, seated) and Dr Tan (right) holding up press releases regarding the upcoming property exhibition in Perak. With them are Real Estate and Housing Developers Association Malaysia (Rehda) Perak branch chairman Tony Khoo (left) and other organising committee members. Photo: SAIFUL BAHRI3 Low-cost houses being built near the Bemban Industrial park in Batu Gajah. — filepic4 A row of double-storey terrace houses under construction. — filepic

THERE will now be a penalty payment for developers who do not wish to follow the component structure for housing schemes under new rulings in the development sector.

In a new housing scheme, there has to be 10% low-cost houses priced not more than RM70,000 each, 20% medium-cost houses priced between RM70,001 and RM140,000 and 20% affordable houses priced between RM140,001 and RM300,000, with the remainder 50% of the houses at an open price.