A property development in Kedah by the government-owned PR1MA Corporation. These terrace houses cost more than RM193,000.
“In urban areas, because developers are required to build affordable housing and sell at a fixed cost, when their costs go up they can’t change those fixed prices, so they have to increase the cost of their open market units,” he told FMT. “Our industry has always asked the government to take over the responsibility of building affordable housing, then the developers can concentrate on the open market and bring the prices down,” he said.
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rahah_ghazali A function of mismatch supply