Affordable House Price To Follow Trend

Even government-based projects with houses categorised as ‘affordable’ should follow the present market price, according to Datuk S.K. Devamany, Deputy Minister in the Prime Minister’s Department. A report by the Malay Mail quoted Devamany as saying, “This pricing is standard nationwide nowadays. Property prices will go up in time. He also noted that prior to starting a housing project, they need to consider four important factors affecting property prices namely shortage of prime land, rising construction cost, urban migration and the property’s earning power. “Due to these factors, it will be difficult for the government can use. But instead, they are used for commercial and high-end residential projects, and not to build affordable housing.” S.M. Mohamed Idris, President of Consumers Association of Penang, added, “If the government can use. But instead, they are used for commercial and high-end residential projects, and not to build affordable housing.” S.M. Mohamed Idris, President of Consumers Association of Penang, added, “If the government to fix property prices even though the construction was on government-owned land,” he added. However, home buyers association and consumer groups are dissatisfied with the government’s stand that low-cost housing must follow market price.