






{"id":1234,"date":"2019-02-13T08:43:31","date_gmt":"2019-02-13T08:43:31","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1234"},"modified":"2021-06-04T14:05:08","modified_gmt":"2021-06-04T07:05:08","slug":"why-micro-housing-may-not-be-a-good-idea-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/why-micro-housing-may-not-be-a-good-idea-in-malaysia\/","title":{"rendered":"Why micro housing may not be a good idea in Malaysia"},"content":{"rendered":"<p><strong>Liveability and saleability of tiny homes in question<\/strong><\/p>\n<figure id=\"attachment_1235\" aria-describedby=\"caption-attachment-1235\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1235\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/Why-micro-housing-may-not-be-a-good-idea-in-Malaysia.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Why-micro-housing-may-not-be-a-good-idea-in-Malaysia.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Why-micro-housing-may-not-be-a-good-idea-in-Malaysia-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Why-micro-housing-may-not-be-a-good-idea-in-Malaysia-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1235\" class=\"wp-caption-text\">Old apartments in a zone near Pudu City in Kuala Lumpur. icosha\/Shutterstock<\/figcaption><\/figure>\n<p>The Malaysian government\u2019s plan of building downsized homes for single, low-income earners has sparked some apprehension among analysts, reported\u00a0<a href=\"https:\/\/themalaysianreserve.com\/2019\/02\/12\/knight-frank-existing-taxation-system-sufficient-to-prevent-affordable-homes-speculation\" target=\"_blank\" rel=\"noopener noreferrer\">The Malaysian Reserve<\/a>.<\/p>\n<p>Residential units smaller than 200 square feet are not suitable living quarters for any individual, according to Sarkunan Subramaniam, managing director for Knight Frank Malaysia. \u201cEven in Hong Kong, which is known for its unaffordable property prices, several developments featuring shoebox flats had failed to achieve favourable sales results.\u201d<\/p>\n<p>More research is needed into the market for micro housing developments, he added. \u201cFurthermore, these types of housing are at risk of becoming ghettos and drug dens.\u201d<\/p>\n<p>Sarkunan\u2019s statements come on the heels of a proposal by the Kuala Lumpur City Hall to rent out small capsules at just MYR100 (USD25) a month to unmarried people under B40, the lowest income group in Malaysia.<\/p>\n<p>Sarkunan, however, gave praise to existing tax measures designed to quell speculation in affordable residential units.<\/p>\n<p>\u201cAs far as speculation is concern, taxation mechanisms such as real property gains tax and stamp duty are good enough to prevent the situation,\u201d he said, while advising against the government \u201cdirectly intervening.&#8221;<\/p>\n<p>The government\u2019s initiative to acquire rent-to-own (RTO) homes under the second National Housing Policy (NHP 2.0) will help promote home ownership among low-income earners by way of their credit scores, according to the consultancy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liveability and saleability of tiny homes in question<\/p>\n","protected":false},"author":2,"featured_media":19779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why micro housing may not be a good idea in Malaysia | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/why-micro-housing-may-not-be-a-good-idea-in-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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