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GEORGE TOWN: The construction and renovation industry can expect about RM29bil worth of jobs from the 223,000 affordable houses to be built in the country next year.
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.
GROWTH in the construction sector remains robust, with value-add growing 12% between January and June, due to ongoing civil engineering and residential activities.
KUALA LUMPUR: The Government will take initiatives to provide more affordable homes for the low and middle income as well as subsidies to developers who build homes targeted to the groups.
The Government expects steady growth across all sectors of the economy in 2014, underpinned by the services and manufacturing sectors.
PETALING JAYA: The Association of Valuers, Property Managers, Estate Agents & Property Consultants in the Private Sector Malaysia (PEPS) is recommending that the Government set up a National Housing Corp (NHC) to work with the 1Malaysia People’s Housing Programme (PR1MA) to plan, coordinate and implement affordable housing in each state.
The Government should roll out a more comprehensive affordable housing policy to boost home ownership, says HwangDBS Vickers Research.
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