Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date13/05/2020
AuthorTuan Shaik Abdul Rasheed Ghaffour
Published ByTuan Shaik Abdul Rasheed Ghaffour
Edited BySuneela Farooqi
Uncategorized

Sustainable Development of Affordable Housing – The Buyers Perspective

Social Housing are Low Cost to Medium Cost Housing such as PPR Units which are meant for the lower income groups or those classified as in the ‘urban poverty groups’. Typical household income in order to qualify for such Social Housing is below RM3,000 per month. Such Social Housing typically only have 1-bedroom or 2-bedrooms and cost around RM35,000 to RM60,000 with build-up of about 650 sq ft only. Affordable Housing are classified as properties intended to cater for the Median Population, i.e. the middle income group and are priced between RM150,000 to RM300,000 (up to RM350,000 in prime areas) and with a build-up of at least 800 sq ft (excluding the balcony) and with 3-bedrooms.

The household income of this Middle Income Group is between RM3,000 to RM10,000 per month. 3. While the Lower Income Group can receive help in the form of Social Housing, the Middle Income Group are left to fend on their own. Yes, many would say that the conditions of Social Housing are less than ideal, but that argument is for another forum.

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