Move to help middle income earners own homes

  • Nation
  • Saturday, 27 Oct 2012

KOTA KINABALU: From Jan 1, housing developers in the state will be required to allocate at least 30% of their projects for affordable houses priced below RM250,000.

Sabah Local Government and Housing Minister Datuk Hajiji Noor said the compulsory policy had been agreed upon by the developers, adding that the state wanted them to help the middle income earners buy homes especially with the the escalating prices of houses.

“If they are building a project in, say, the city area, they will have to provide affordable houses. These need not be in the housing scheme but other areas or districts,” he said.

“They (developers) must comply with the requirement. They understand that the state government is serious about helping the middle income group to own homes. They are ready to help,” added Hajiji.

Housing development within the city and other main towns in Sabah, he said, could be expensive due to land costs but that the state was ready to allow developers to build such affordable houses outside the city area.

Asked if first-time buyers would be given preference to own such homes, Hajiji said this would be encouraged although at the moment, it was left to market forces.

During a meeting with the Federation of Chinese Associations of Sabah yesterday, Chief Minister Datuk Musa Aman had urged housing developers to reduce their profit margins to help bring down property prices in the state.

Musa had told Sabah Housing Real Estate Developers Association president Datuk Susan Wong, who was present at the meeting, that housing prices must be affordable to help those who had just entered the employment market.

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