Rehda national treasurer N.K. Tong said: “Perhaps the Government should consider implementing a limitation to low-cost homes like what Singapore has done with the HDB (Housing and Development Board) flats.”
HDB flat owners-to-be are not allowed to own any other properties in Singapore, or in any other part of the world. Tong said if such a plan was implemented in Malaysia, there would be less abuse of these properties, unfairness caused to developers and to a larger extent the people.
“I'm more concerned with the supply factor. It is moving downwards due to the shortage of prime land and rising building costs. Come 2015, if the Government is serious about implementing the build-and-sell plan, the supply (of houses) will reduce by about 80%,” Rehda past president Datuk Ng Seing Liong said.
His main concern if the plan was implemented was that property prices would continue to trend upwards due to the supply and demand equilibrium.
“In terms of the property sector, we must look at a long-term scenario,” he said in regards to future plan implementations.
Rehda public relations, communications and publication committee member Che King Tow said the Government usually owned the best-located properties.
He said it would benefit the public if the Government could consider releasing its land in high-density areas such as Jalan Duta and Selangor Golf Course in the upcoming budget.
Housing market robust but commercial property glutted![]()
