Datuk Soam Heng Choon: If people want landed homes and you build high rise, people won't buy. If you build a house that is RM1 million where people are earning RM3,000 [a month] then nobody will buy.
Lim was speaking at the sidelines after the launch of the Bank Negara Malaysia's Fund For Affordable Homes.
Catering to households earning RM2,300 and below a month.
It will be launching a total of 13 projects comprising 2,537 units in Selangor. There will also be a Mega Bonanza Promotion from Jan 1 to Feb 28 and is applicable for ready-built and ready-to-move-in projects by PKNS.
The project comprises 176 units with built-ups ranging from 1,050 sq ft to 1,176 sq ft with an indicative price of RM500 psf. The estimated gross development value is about RM130 million.
“Truth be told, daunting challenges are ahead of us this year and beyond. The world economy is unsettling to say the least with the two biggest economies (China and US) at loggerheads and having a trade war.”
The lands are expected to be used for mixed-use developments comprising cluster terraced homes in the affordable price segment as well as terraced and semi-detached homes.
“We believe that if we can improve the quality of life or standard of living of this B40 group, it will also raise the status of Malaysia to be that of a developed country.”
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