cost effective real estate in Selangor will certainly be without improvement charges beginning following year, claims Selangor real estate and society board chairman Datuk Borhan Aman Shah.
He claimed that the exception uses especially to cost effective real estate tasks like Rumah Idaman and Rumah Harapan.
Borhan claimed this at an interview after the third Real Estate and Housing Developers’ Association (Rehda) Housing Convention 2024 at the Setia City Convention Centre on Wednesday (Oct 9).
“Regular-priced houses will not benefit from this exemption. The exemption for affordable housing will take effect from January next year and will remain in place indefinitely,” he included.
Borhan additionally claimed that the exception is created to urge the advancement of even more cost effective homes in Selangor.
“We have a target of constructing approximately 200,000 units of affordable housing by 2026. With our current capacity to build around 40,000 units annually, this exemption should help speed up construction,” he claimed.
Further information on the exception will certainly be given by Selangor Mentri Besar Datuk Seri Amirudin Shari throughout the upcoming 2025 state budget plan discussion, anticipated in mid-November
Borhan additionally talked about the upcoming nationwide budget plan to be introduced on Oct 18, appealing for raised government funds for Selangor.
“As the state contributing the most to the nation’s GDP, it is only fair that the federal government allocates more funds to Selangor to address pressing matters including flood mitigation and upgrading infrastructure,” he included.
