Ceiling Price for Low-Cost Homes in Malaysia

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 10th 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.