FT Minister: Home affordability for M40 will be prioritised

FT Minister: Home affordability for M40 will be prioritised

Khalid: The issue of homes for the middle class has not been fully addressed, [even] those earning RM6,000 a month could not afford a home. (Photo by The Edge)

KUALA LUMPUR (Sept 19): The Federal Territories Ministry will work on the supply side to provide more affordable homes for middle class city dwellers, minister Khalid Samad said today.

“The issue of homes for the middle class has not been fully addressed, [even] those earning RM6,000 a month could not afford a home. Therefore, home affordability for this group will be a priority for the KL2040 masterplan,” he said in his speech at the opening ceremony of the 11th International Conference on a World Class Sustainable Cities (WCSC) 2019.

Themed “NEXT: KL2040”, this year’s WCSC conference explored how Kuala Lumpur and other cities in Malaysia can prepare for the challenges of becoming world class sustainable and livable cities.

Speaking to the media after the ceremony on how his ministry plans to address the supply of affordable housing, Khalid said: “We are looking at affordable homes. We are trying to achieve a sufficient amount. Perhaps, subsiding the building of the homes by giving discounts, for example, so more homes below RM300,000 can be built.”