Mission Possible: Affordable housing

Ho Wen Yan, CEO of Hua Yang Bhd - Is affordable housing compromising quality and comfort? - Design and technological factors - Degree of price appreciation and speculative activity - Build-then-sell policy in property development - Abandonment by developers - Build-then-sell may increase house prices - Quality issues of current system - Commute time from affordable housing centres to urban employment centres - Integration of affordable housing with society - HDB concept - Growth plans & potential overheating within the property sector - Affordable segment insulated from speculation - No plans to go into higher priced segments - Balancing coporate aims of affordable housing provision with profitability - Remain true to founding vision - Cost breakdown: 10-20% Land cost; 40-50% construction costs; Margins- 20-25% - Labour cost pressures - Minimum wage: no impact - Contractors haven't passed higher cost - Land purchase - 30 acres in Puchong - pushed up gearing to 0.6x - Capital management and expansion - still can borrow - Dividend policy - 25-30% payout ratio - Political connections - Land banking is a trade skill - Plans for Iskandar: serving the local population  - Budget expectationsSee omnystudio.com/listener for privacy information.