Johor To Restrict Owners Of Affordable Houses From Selling Properties

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JOHOR, Sept 21 – The Johor government will set new guidelines for buyers of affordable houses in the state to prevent them from selling their properties within a five-year period. Menteri Besar Datuk Seri Mohamed Khaled Nordin said the condition would be imposed to avoid buyers from making easy profit. “The affordable houses by the state government are built with very high subsidy and if it was not for this, buyers would have had to pay a high price for the actual cost of the house,” he said. “We do not want foreigners to own the houses by offering a high price to the local buyers,” he said at the groundbreaking ceremony for the Kampung Sungai Danga affordable housing project in Johor Baru yesterday.

He said a total of 37,000 affordable houses would be built by 2018, which is an increase from the initial target of only 28,000 units. “Out of the total, 31,000 houses will be in the Johor Baru district, particularly in Iskandar Malaysia, to be priced at RM80,000 and below,” he added. He said Iskandar Malaysia was chosen for the affordable housing project because of the population growth and rapid development in Medini. Until July this year, the Johor government had received 47,367 applications for affordable homes.

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