Property is always about location, location, location.. simple common sense.. yet so uncommon.

Oct 22, 2012 Location important factor for affordable housing

KUALA LUMPUR: Location is the most important factor where demand for affordable housing is concerned, a property consultant said.

CH Williams Talhar & Wong Sdn Bhd managing director Foo Gee Jen said during a presentation at CIMB Preferred’s 76th Financial Advisory Series that there was demand for affordable, but the Government would need to put location at the forefront where such property projects were concerned.

“There is always a mismatch when it comes to affordable housing. You can’t build 10,000 low-cost units in Bukit Beruntung even if you sell it cheap,” he said.

“You cannot expect someone who earns RM1,000 a month to live in Bukit Beruntung and work in Kuala Lumpur. The fuel cost alone will kill him. When I visited Iskandar Malaysia (in Johor), I saw affordable apartments that were ready for occupation priced at RM75,000. I was told sales were only 15%.

“There was a big ‘for rent’ banner showing RM300 and they are even providing a shuttle bus service. It is not only about building many homes. The public needs to know where.”

On the Government’s proposal to defray the cost of infrastructure borne by developers, Foo suggested that rather than providing subsidies, it would be better to limit the number of items that property firms had to contribute to.

Source: The Star

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