EGX in red in midday trade on Tuesday    Egyptian pound extends gains against USD by midday trade    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    Pakistan FM warns against fake news, details Iran-Israel de-escalation role    Russia seeks mediator role in Mideast, balancing Iran and Israel ties    LTRA, Rehla Rides forge public–private partnership for smart transport    Egyptian government reviews ICON's development plan for 7 state-owned hotels    Divisions on show as G7 tackles Israel-Iran, Russia-Ukraine wars    Egyptian government, Elsewedy discuss expanding cooperation in petroleum, mining sectors    Electricity Minister discusses enhanced energy cooperation with EIB, EU delegations    Egypt, IFC explore new investment avenues    EHA, Konecta explore strategic partnership in digital transformation, smart healthcare    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    US Senate clears over $3b in arms sales to Qatar, UAE    Egypt discusses urgent population, development plan with WB    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malaysia says affordable housing top priority
Published in Bikya Masr on 22 - 09 - 2012

KUALA LUMPUR: Malaysia's government said it is to focus on assisting those in need by providing more affordable housing in the country after housing prices in the Southeast Asian country continue to rise, Deputy Prime Minister Muhyiddin Yassin said.
He said the government understands the issues at hand in terms of housing costs and is looking at strategies to develop new programs as part of its “people first” concept.
“House prices are way too high. An individual starting work as a government employee is unable to buy an affordable house,” he told Malaysian journalists covering a working visit in China.
Back in Kuala Lumpur, low-income residents are hopeful that the government will follow through on their promises, telling Bikyamasr.com that the cost of living in the city has risen dramatically.
“Even though many of us have jobs and are working, the cost of living and especially housing has been something that worries us. We can't afford new homes any longer,” said one construction worker. “If the government gives new opportunities, it will help.”
Yassin said helping the people to own affordable houses “would be an important agenda of the government.”
He said the focus would be on making available houses which cost RM300,000 and below after a study was made on the income of the people and the selling prices of houses.
“The private sector might be encouraged with incentives to build affordable houses,” he added.
“They (private developers) can still profit by taking a small margin if the number of buyers is large,” he said.
However, there were matters pertaining to housing sites which the federal and state governments and the ministry concerned had to help resolve, he said, adding that some areas “might not be suitable as housing sites or they might not attract people.”
The deputy PM said he anticipated that the affordable housing program could be expedited after the unveiling of Budget 2013 on September 28.
Asked for his comment on the budget to be proposed by the opposition, particularly with regard to affordable houses, the deputy prime minister said their budget did not have any legal standing.
“It is a political gimmick, just for the sake of showing one-upmanship, that Pakatan Rakyat can do better than the Barisan Nasional.
“However, the people must understand that they (the opposition) can talk about doing all kinds of things. But, it has been proven, like in the case of Selangor, that many of their promises have yet to be implemented.
“If they want to implement affordable housing, they should have built many houses in Selangor or in Penang. However, that does not seem to be the case,” he said.


Clic here to read the story from its source.