KUCHING: Housing prices are expected to keep soaring despite the government’s continued efforts to strive for a balance between demand and supply by constructing more affordable houses.
Assistant Minister for Housing Datuk Abdul Karim Rahman Hamzah pointed out that the state government had launched several initiatives to monitor housing prices particularly affordable housing intended for the low-income group.
To ensure that people could own a house, he said ceiling prices had been set for low-cost houses at RM50,400 per intermediate unit and RM59,220 per corner unit.
“For medium-cost houses, we have fixed RM80,000 for intermediate units and RM100,000 for corner lots. In addition, we have also launched projects such as Rumah Mesra Rakyat (RMR), Program Perumahan Rakyat (PPR), Rumah Mampu Milik (PMM), MyHome Scheme and Program Perumahan Penjawat Awam 1Malaysia.”
He said Industrialised Building System (IBS) was also encouraged for developing housing projects to bring down the construction costs.
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