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AFFORDABLE:Council to tie up with developers to build homes below RM400,000
EFFORTS to enable the middle-income group to purchase an affordable home in the city is afoot as City Hall is embarking on the development of middle-cost housing scheme.
Acknowledging the difficulties of middle-income earners to purchase homes in the city due to the soaring prices of houses, KL mayor Datuk Ahmad Phesal Talib said City Hall is in talks with several developers to jointly develop affordable homes below RM400,000.
"We are aware of this issue as many middle-income households are not qualified to buy the low-cost units, neither could they afford to purchase the high-end properties," said Ahmad Phesal.
In this regard, he has formed a special task force which will identify the allowable development percentage and key features of middle-cost housing to ensure a well-balanced development between the low-cost and luxury housing development schemes in the city.
Phesal said two developers are currently in talks with City Hall about the middle-cost housing development.
"The first developer wants to develop a middle-cost housing project but we have requested them to build the houses below RM400,000 while the other developer wanted a 50:50 project development plan, that is, 50 per cent high-end units and the other half middle-cost units," Phesal said.
However the details of the housing projects such as how many units to be built, location, and project initiation date have yet to be finalised.
Phesal said this at Sentul Utama Condominium where he handed over the keys to 680 housebuyers of Block C and D who had waited 15 years for their units to complete.
The housing project which started in 1992 was abandoned in 1997 due to the global financial crisis.
However in 2006, a court order was issued to revive the project by the same developer who was under a new management.