Other initiatives include a price mapping system of affordable homes based on median income levels by state and district to allow developers to determine appropriate selling prices for specific localities instead of the current caps.
The initiative will help "nearly 1.
Situated along Jalan Besar in Simpang Renggam, the land is strategically located near the North-South Expressway and surrounded by established residential, commercial and industrial zones.
Tong noted that while the mandatory afforable housing quota is well intended, a blanket requirement often results in a disconnect between supply and demand.
The land, referred to as Parcel 1, is part of a larger 161.
The affordable housing projects priced at RM300,000 and below in Selangor account for 13% of the market supply in 2025.
Anwar encouraged both the state and federal governments to work together to get this project started as quickly as possible.
“Another thing we are suggesting is that when you file income tax, the number of houses you have bought will be automatically stipulated in your income tax form.
The research house is positive on the deal, as it allows Scientex to expand its footprint and build upon its success in affordable housing in the northern part of Selangor.
"The information from the Sistem Pangkalan Data Utama (Padu) database could be utilised to ensure a sustainable real estate market via the residual approach.
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