SHAH ALAM: Property developers will have to allocate up to 30% of affordable units for their serviced apartment and boutique office projects, depending on type and location, according to the Selangor Housing and Property Board (LPHS).
Its executive director Norzaton Aini Mohd Kassim said developers who build serviced apartments and small office home offices (SOHO), small office versatile offices (SOVO), small office flexible offices (SOFO) are required to allocate 10% for affordable units for projects that have 500 units and below; 15% for 501 to 1,000 units; and 20% for more than 1,000 units.
To read the full article, please visit Selangor: Up To 30% Of Serviced Apartment And Boutique Office Projects Must Be Affordable Units
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