KUALA LUMPUR: Property developers are being urged to allocate at least 30% of their development portfolio for affordable housing to cater to the growing demand for such properties. “In the past, state governments used to impose a quota where 30% of the development should be for low-cost housing. “If we were successful with that before, why not have a similar condition to develop affordable homes,” he said at the Rahim & Co property research seminar. Rahim admitted that many developers avoid developing affordable homes because such projects yield low profits. According to Rehda president Datuk Seri FD Iskandar, people don’t live in low-cost homes because the don’t want to be associated with them.

Source: The Star November 02, 2016 00:06 UTC