Ceiling Price for Low-Cost Homes in Malaysia - November 24, 2010

By Architect Nathaniel 3X Rhine

Prices of low-cost houses will not exceed RM42,000 ($13,550) in Peninsular Malaysia and RM50, 400 ($16,260) in Sabah and Sarawak to ensure people from the lower income group will have shelter, said Housing and Local Government Minister Datuk Chor Chee Heung.

Under the 10^th Malaysian Plan, the government planned to have 161,000 affordable homes. Of this, private developers would build 83,000 homes while the rest would be built by the government.