Fadillah: Incentives for developers committed to affordable housing

The government will continue to provide various incentives to developers committed to the construction of affordable housing, including tax relief and access to more strategic properties.

Deputy Prime Minister Fadillah Yusof said strategic partnerships with the finance sector will be intensified to ensure better access to housing financing for Malaysians, especially the youth.

“It is vital that all parties pool their efforts together to create a housing ecosystem that reflects the true market capability, affordability and demand.

“Government intervention for the target group is greatly needed as their capability to own a house at market prices is still low.

“The private sector needs to work together to build houses at affordable prices by localities,” Fadillah posted on Facebook after chairing the National Affordable Housing Council meeting at Bangunan Ahli Parlimen dan Pentadbiran in Kuala Lumpur, yesterday.

The council discussed affordable housing issues between the federal and state governments as well as industry players.

Johor Menteri Besar Onn Hafiz Ghazi, Deputy Sarawak Premier Dr Sim Kui Hian, state housing executive committee members, related federal ministers and senior government officials also attended the meeting.

Fadillah said the high-level council meeting had the main role and function of discussing and coordinating issues on planning, coordination and monitoring of affordable housing targets as contained in the 12th Malaysia Plan.

- Bernama

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