MENTERI Besar Datuk Khaled Nordin has, of late, repeatedly raised the issue of building more affordable housing for the people.
While the property market in Iskandar Malaysia is booming and the prices skyrocketing, he has expressed worry that this will exert tremendous pressure on the locals.
Owning a home is more and more an uphill task, as most developers are more interested in building high-end units costing RM500,000 and above each than fulfilling their social obligation to build affordable housing units for the low and low-medium income groups.
Housing policy in Malaysia requires a developer to allocate at least 30 per cent of the project for low and medium cost housing.
When profit is all that matters, it is unsure how many developers are bent on fulfilling that quota.
However, the shortage of affordable housing units in Iskandar Malaysia should give us a rough idea of how well our developers are meeting the obligation.
Khaled's concern over affordable housing units is understandable.
After all, shelter is one of life's basic necessities in life. It would be a joke if Iskandar Malaysia were to continue to prosper while the people suffered.
A New Straits Times report on Aug 10 read: "Buying interest in the booming Iskandar growth region across the border has prompted many sellers there to dramatically jack up asking prices for resale landed properties" and "Asking prices have surged as high as 50 per cent above valuation".
Personally, I did not know the property market in the growth region was doing so magnificently until I read that report.
This shows that foreigners,
especially Singaporeans, are coming in droves to buy property in Iskandar Malaysia, which is leading house owners or property developers to mark up the prices to the level of over-valuation.
This is done at the expense of the locals, who will find it hard to compete with the purchasing power of Singaporeans armed with the republic's stronger currency.
In fact, it is common these days to hear folk grousing about how developers are more interested in catering to foreigners than the locals.
Now, back to the question of building affordable housing units.
If caning is the way to keep a child obedient, perhaps the state Housing Board should follow that cue by meting out a more painful punishment for those who do not fulfil their social obligation.
Iskandar Malaysia cannot afford to become a second Singapore when it comes to property prices.
The income of most Johoreans has not yet reached the level of Singaporeans.
A Housing Development Board flat in Singapore commands nothing less than S$300,000 (RM750,000). So, a common flat dweller in Singapore is suddenly a luxury condominium owner in Iskandar Malaysia.
The fact that a low-cost flat in Iskandar Malaysia costs only RM25,000 makes the comparison between a "Singaporean apple" and a "Malaysian apple" pathetic.
While there is nothing much the government can do about property prices, which are determined by supply and demand, the state should be swift in confronting developers who have failed to fulfil their obligations.
The living standard in Iskandar Malaysia is high enough. We shall not allow others to seize from us a basic life's necessity.
More affordable housing may prove an effective solution to the perennial problem of squatters, such as these in Taman Sri Pandan. File pix
Poor Sinkies. Made a scapegoat again....