{"id":212,"date":"2025-05-14T12:01:01","date_gmt":"2025-05-14T12:01:01","guid":{"rendered":"https:\/\/hartaco.com\/?p=212"},"modified":"2025-05-14T12:01:01","modified_gmt":"2025-05-14T12:01:01","slug":"can-the-madani-credit-scheme-prove-more-effective","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/05\/14\/can-the-madani-credit-scheme-prove-more-effective\/","title":{"rendered":"Can the Madani credit scheme prove more effective?"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/05\/Can_the_Madani_credit_scheme_prove_more_effective__v1_generated_image_20250514200059.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>The challenge of creating budget-friendly homes in cities often comes down to one major obstacle: skyrocketing land prices. Kuala Lumpur&#8217;s real estate market illustrates this perfectly, with land acquisition costs averaging RM570 per square foot\u2014far exceeding the government&#8217;s affordable housing price ceiling of RM300 per square foot.<\/p>\n<p>Developers face an impossible equation when constructing these subsidized units, as land and construction expenses alone surpass the mandated selling prices. This forces them to rely on profits from higher-end projects to offset losses, creating a ripple effect across the housing market.<\/p>\n<p>The current system of cross-subsidization inadvertently pushes up prices for non-subsidized homes, undermining the broader goal of housing affordability. Without alternative solutions, the financial burden on developers may discourage future affordable housing projects altogether.<\/p>\n<p>Addressing this imbalance requires innovative approaches, such as government land grants or revised pricing strategies, to make affordable housing truly sustainable without distorting the wider market.<\/p>","protected":false},"excerpt":{"rendered":"<p>The challenge of creating budget-friendly homes in cities often comes down to one major obstacle: skyrocketing land prices. Kuala Lumpur&#8217;s real estate market illustrates this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-212","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=212"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/212\/revisions"}],"predecessor-version":[{"id":213,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/212\/revisions\/213"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}