A proposed 60 per cent affordable housing policy in Kedah and restrictions to curb speculation could spell good news for ordinary Kedah residents. Never mind that the news has displeased certain quarters who appear more intent on protecting the interests of developers and ‘investors’ (read, speculators).
Locals will be given priority to own property. This could hold lessons for other states (both BN and Pakatan-ruled) as well.
This report from The Star:
Kedah will be the first state to limit the sale of houses to locals if its new housing policy is approved by the PAS-led state government.
Kedah Gerakan Youth chief Tan Keng Liang said that under the policy, only locals would be allowed to buy houses in the Kuala Muda and Kulim districts.
“This means that non-Kedahans will not be allowed to buy houses in these two districts but consideration will only be given to those who stay or work there.
“The land office in Kuala Muda and Kulim will also closely monitor the land title transfer of the houses with priority given to Kedahans,” he said at a press conference on Wednesday.
Tan said the new policy would “kill” the property development business in the state, adding that it would also give investors a negative perception.
“This is the third issue arising from the new policy. Developers are also required to allocate up to 60% of a housing project for affordable homes while the state government will control the price of houses,” he said.
Kedah Mentri Besar Datuk Seri Azizan Abdul Razak, when met after chairing the state executive council meeting, said the state executive council had yet to discuss the new policy.
“It is only being discussed at the housing committee level now. The state wishes to amend the housing policy so that locals will be given priority to own property.
“We do not want Kedah to become a state where the houses are owned by outsiders while the locals still live in dilapidated homes or are homeless,” he said.
The MCA chaps too have criticised the move to increase the quota of affordable housing from 30 per cent to 60 per cent. Imagine that! Whose interests are they more concerned about?
This excerpt from Bernama:
Chor said when Barisan Nasional ruled Kedah, it implemented a similar housing policy but the quota was only 30 percent.
“If the Kedah government increases the affordable home quota to 60 percent, developers will increase the price as they can’t make much profit compared to high cost homes.”