SUBANG JAYA, 21 Mar: The Selangor Housing and Property Board (LPHS) aims to build 5,000 affordable housing units in the next five years by using the Prefabricated (IBS) concept.
LPHS Head of Housing, Mohamad Hafiz Hassan explained that to start, an allocation of RM50 million will be used as a revolving fund for the purpose of the pilot project of developing those affordable homes.
This project is expected to be implemented in mid-2013.
“LPHS has been given mandate to coordinate the project, which is estimated to offer more than 250 units in the Klang Valley on State Government-owned land with an area of three to five acres that are being identified.
“Furthermore, the State Government proposes to build at least, 5,000 housing units with this concept in the next five years until year 2017,” he said in a media statement.
According to Mohamad Hafiz, the State Government is also looking at special incentives to encourage developers to use the prefabricated IBS concept.
The incentives include charging a nominal land premium and an exemption in the ‘Improvement Service Fund’ contribution.
He added that the pre-fabricated affordable housing is an enhancement to affordable housing policies undertaken by the Selangor Government and state government-linked companies.
To date, a total of 2,151 affordable housing projects have commenced construction.
It is estimated that another 10,407 housing units will be built by the Selangor State Development Corporation (PKNS) until the year 2021.