Govt move to provide housing funds lauded



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Govt move to provide housing funds lauded
The Star 22/10/2001

PETALING JAYA: The House Buyers Association (HBA) and Real Estate and Housing Developers Association (Rehda) are extremely pleased with the government’s move in providing funds for housing for the lower-income group.

HBA honorary secretary Chang Kim Loong said, however, the association’s main concern was ensuring that the standard of these houses was of high quality.

He said housing developers had the tendency of catering only to the middle and high-income groups, which returned hefty profits unlike low-cost housing.

Chang added that developers also tend to maximise the use of their plot of land by overcrowding it with houses.

“We believe that these are only a short-term plan for society and may have drastic effects in the future,” he said.

Rehda president Datuk Eddy Chen Lok Loi said the move to meet the consumers’ housing needs was timely.

He said the fiscal measures of reducing income tax and increasing the ceiling of maximum chargeable income would help put more money in the consumers’ hands to boost the domestic economy.

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National House Buyers Association (HBA)

No, 31, Level 3, Jalan Barat, Off Jalan Imbi, 55100, Kuala Lumpur, Malaysia
Tel: 03-21422225 | 012-3345 676 Fax: 03-22601803 Email: info@hba.org.my