KUALA LUMPUR: The government will continue to provide various incentives to developers committed to the construction of affordable housing, including tax relief and access to more strategic properties, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

He added that strategic partnerships with the finance sector will be intensified to ensure better access to housing financing for Malaysians, especially the youth.

"It is vital that all parties work together to create a housing ecosystem that reflects true market capability, affordability, and demand.

"Government intervention for the target group is greatly needed, as their ability to own a house at market prices remains low. The private sector must collaborate to build houses at affordable prices based on localities," he posted on Facebook after chairing the National Affordable Housing Council meeting, which discussed affordable housing issues between the federal and state governments as well as industry players at Bangunan Ahli Parlimen dan Pentadbiran today.

The meeting was attended by Johor Menteri Besar Datuk Onn Hafiz Ghazi, Deputy Sarawak Premier Datuk Amar Dr Sim Kui Hian, housing excos from Peninsular Malaysia states, related federal ministers, and senior government officials.

Fadillah said the high-level council meeting's primary role is to discuss and coordinate planning, monitoring, and achieving affordable housing targets as outlined in the 12th Malaysia Plan. - BERNAMA

https://www.nst.com.my/news/nation/2024/10/1123384/govt-maintain-incentives-affordable-housing-developers-fadillah