Keyword: "affordable homes"

Indonesia’s Minister of Housing and Settlement Areas Maruarar Sirait and Sheikh Abdul Aziz Al Thani, a representative of Qatar’s Qilaa International Group, on January 8 signed a memorandum of understanding (MoU) on the construction of one million affordable homes in the Southeast Asian nation’s major cities.

The Malaysian Government is planning to build one million units of affordable homes within the next 10 years as part of its efforts to help more people, especially low-income earners, to own homes.

Vietnam’s major cities are gearing up to develop homes for workers, planning to construct small studios of some 25-50sq.m at the price of 150 million (6,500 USD) per unit.

The property market expects to see a wave of developers expand into affordable housing developments, which faced a severe shortage until the Government took steps to promote investment.