Rehda: Stop building affordable homes in areas with low demand
Published: Sep 20, 2017 7:50 AM | Updated: Sep 20, 2017 8:39 AM
State governments should adopt the Kuala Lumpur City Hall’s (DBKL) measures to avoid building affordable housing schemes in places where there is no demand, said the Real Estate and Housing Developers’ Association (Rehda).
Rehda president Fateh Iskandar Mansor told a press conference today that housing developments larger than ten acres are required to build affordable housing on the development, even if there is no demand for such housing in the area.
As such, developers end up with affordable houses that they cannot sell and will have to put on auction, he said...
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