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Monday, 8 May 2017

(NST) Housing developers in Johor must allot 40pct of project for affordable homes


JOHOR BARU: The state government have no jurisdiction to put a price cap on real estate properties in Johor but instead have set in place strict measures for developers to include affordable home packages in their housing projects.

Johor Housing and Local Government Committee chairman Datuk Md Jais Sarday told the state assembly that the state government imposed a provision to all housing developers to allocate 40 per cent of its project for affordable housing, which is among the highest percentage fixed by any state in Malaysia.

He said this when replying to a question by Hamimah Mansor (BN-Penawar) on measures taken by the state to control the escalating housing prices.

“This is one of the state government’s initiatives under the Johor Housing Policy to ensure that the low- to middle-income group can own homes and are not burdened by high loan repayment,” he said.

He said another provision to protect the abuse of illegal ownership transfers was set with a 10-year moratorium against any transfer of ownership for any Johor Affordable Housing Scheme or RMMJ unit priced at RM150,000.

“Transfer of ownership will only be allowed after the 10 years moratorium end and the owners must also acquire the approval from the state authority,” he said. 3