{"id":91754,"date":"2024-09-13T11:51:44","date_gmt":"2024-09-13T03:51:44","guid":{"rendered":"https:\/\/iqiglobal.com\/blog\/?p=91754"},"modified":"2026-01-09T16:00:11","modified_gmt":"2026-01-09T08:00:11","slug":"iqi-affordable-housing-malaysia-budget-2025","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/iqi-affordable-housing-malaysia-budget-2025\/","title":{"rendered":"Juwai IQI Suggests More Affordable Housing in Malaysia\u2019s Budget 2025"},"content":{"rendered":"\n

Version: <\/em><\/strong>BM<\/a><\/strong><\/em><\/p>\n\n\n\n

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With just three months left until 2025<\/strong>, it’s clear that Malaysia is ready for a transformative shift in home and property development. <\/p>\n\n\n\n

For this, Juwai IQI Co-founder and CEO<\/strong>, Kashif Ansari, urges the government to focus on new housing projects that enhance living conditions in affordable housing sectors in the upcoming Budget 2025<\/strong>. <\/p>\n\n\n\n

“We propose that the government help reduce the costs<\/strong> that have made housing so expensive. For example, developers who provide quality, affordable housing<\/strong> could receive subsidies for construction materials”, he said in a statement on Thursday. <\/p>\n\n\n

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\"IQI\"<\/figure>\n<\/div>\n\n\n
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These costs are rising by 3% to 4% per year<\/strong>, which is high, although lower than during the peak of the pandemic<\/strong>.”  <\/p>\nKashif Ansari<\/cite><\/blockquote>\n\n\n\n

Kashif pointed out that securing financing is a significant obstacle for new affordable housing initiatives. He emphasised that if developers can’t get funding at reasonable rates, they shouldn’t move forward with new housing developments.  <\/p>\n\n\n

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He also recommended that the government or banks should consider offering lower-cost construction loans<\/strong> specifically for affordable housing to help more families find homes<\/strong>.  <\/p>\n\n\n\n

Kashif further advocated for a partnership between the industry and the government<\/strong> to establish purchasing consortia, to reduce material costs<\/strong> through economies of scale. <\/p>\n\n\n\n

“This would involve pooling demand across multiple developers to purchase materials in larger quantities, which simultaneously enable them to negotiate better prices,” explained Kashif.  <\/p>\n\n\n

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\"IQI\"<\/figure>\n<\/div>\n\n\n
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In other markets, this approach has reduced material costs by up to 30%<\/strong>”  <\/p>\nKashif Ansari<\/cite><\/blockquote>\n\n\n\n

Kashif also suggested that Malaysia could capitalise on its advanced manufacturing sector<\/strong> to address housing needs by employing industrial construction techniques<\/strong>. This approach involves employing industrial construction methods to fabricate housing units in factories, which can then be assembled on-site. <\/p>\n\n\n\n

He believes this approach could lower both the time and cost<\/strong> of construction, making homes more affordable and available quickly<\/strong>. He also stressed that affordable housing should not only be cheap but <\/strong>also comfortable, well-constructed, and sustainable.  <\/p>\n\n\n\n

And as urbanisation continues to draw more individuals into cities<\/strong>, Kashif anticipates a higher demand for affordable housing<\/strong>. <\/p>\n\n\n\n

He pointed out that in the first quarter of this year<\/strong>, property transactions increased by 17.2 %<\/strong>, with buyers spending RM25.25 billion on homes<\/strong>, which is a 21% rise from last year<\/strong>.  <\/p>\n\n\n\n

However, Kashif noted that the increasing prices of land and homes, along with rising construction and financing costs, remain major obstacles to providing affordable housing<\/strong>. <\/p>\n\n\n\n

Juwai IQI was featured in <\/em><\/strong>The New Straits Times<\/em><\/strong><\/a> and <\/em><\/strong>Lumi<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n\n\n\n

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<\/em>Juwai IQI is the world-renowned property company that provides insights on property, locally and globally.<\/mark><\/strong><\/p>\n\n\n\n

Click below to get more expert property insights from our blog!<\/mark><\/strong><\/p>\n\n\n\n

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MORE INSIGHTS<\/a><\/div>\n<\/div>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Version: BM With just three months left until 2025, it’s clear that Malaysia is ready for a transformative shift in home and property development.  For this, Juwai IQI Co-founder and CEO, Kashif Ansari, urges the government to focus on new housing projects that enhance living conditions in affordable housing sectors in the upcoming Budget 2025.  “We…<\/p>\n","protected":false},"author":87,"featured_media":91760,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[220],"tags":[9717,231,476,374,224],"class_list":["post-91754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-9717","tag-iqi-en","tag-juwai-iqi","tag-press-en","tag-real-estate"],"yoast_head":"\nIQI: More Affordable Housing for Malaysia Budget 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