{"id":6701,"date":"2020-01-09T14:25:29","date_gmt":"2020-01-09T06:25:29","guid":{"rendered":"https:\/\/partisosialis.org\/?p=6701"},"modified":"2020-01-09T14:25:29","modified_gmt":"2020-01-09T06:25:29","slug":"no-profit-in-affordable-housing-subsidies-a-must-says-psm","status":"publish","type":"post","link":"https:\/\/partisosialis.org\/ms\/no-profit-in-affordable-housing-subsidies-a-must-says-psm\/","title":{"rendered":"No profit in affordable housing, subsidies a must, says PSM"},"content":{"rendered":"

Source: The Star<\/a><\/p>\n

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SEMENYIH: Parti Sosialis Malaysia (PSM) has hit out at the Pakatan Harapan government for its definition of affordable housing, saying that the appropriate price should be around RM100,000.<\/p>\n

PSM secretary-general A. Sivarajan said that with the current monthly minimum wage set at RM1,050, defining affordable housing prices as being between RM250,000 and RM300,000 is \u201cillogical\u201d.<\/p>\n

He said the government should set house prices that the people could truly afford, instead of following the demands of housing developers.<\/p>\n

\u201cIt should look at affordable housing from the ground up,\u201d he told a press conference in the PSM by-election war-room near here on Thursday (Feb 21).<\/p>\n

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According to the Department of Statistics, Sivarajan added, more than half of the working population in the country raked in an average salary of about RM2,880.<\/div>\n<\/div>\n<\/div>\n

This would not be enough for them to afford a house as they would have only have brought in about RM100,000 in three years, he said.<\/p>\n

He proposed that affordable houses be priced at RM100,000, saying that they should not be affected by market factors.<\/p>\n

\u201cYou have to take out affordable housing from the market because the problem is that developers always say the valuation is higher for this location, the land costs are high, building materials are high.<\/p>\n

\u201cAffordable housing has to be subsidised. You cannot see profit from it.<\/p>\n

\u201cSubsidy is not a dirty word \u2013 if you give subsidies to corporations, it\u2019s called \u2018incentives\u2019,\u201d he said.<\/p>\n

The government should make it compulsory to impose a quota for the types of housing built for mixed development projects, he added.<\/p>\n

For instance, Sivarajan said, 30% of mixed development projects could be dedicated purely for low-cost housing.<\/p>\n

\u201cWith this, developers can cross-subsidise. They can still sell luxury homes and the profits from this can subsidise the low-cost housing,\u201d he said.<\/p>\n

His other suggestions for tackling the issue included setting out a concrete plan for government-linked companies to lead in undertaking affordable housing projects and to halt forced eviction of those who cannot afford their own homes.<\/p>\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The Star SEMENYIH: Parti Sosialis Malaysia (PSM) has hit out at the Pakatan Harapan government for its definition of affordable housing, saying that the appropriate price should be around RM100,000. PSM secretary-general A. Sivarajan said that with the current monthly minimum wage set at RM1,050, defining affordable housing prices as being between RM250,000 and […]<\/p>\n","protected":false},"author":13,"featured_media":5219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"class_list":["post-6701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-ms"],"_links":{"self":[{"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/posts\/6701\/"}],"collection":[{"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/users\/13\/"}],"replies":[{"embeddable":true,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/comments\/?post=6701"}],"version-history":[{"count":0,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/posts\/6701\/revisions\/"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/media\/5219\/"}],"wp:attachment":[{"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/media\/?parent=6701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/categories\/?post=6701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/partisosialis.org\/ms\/wp-json\/wp\/v2\/tags\/?post=6701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}