0:05 - The Selangor state government has decided to withhold necessary approvals for developers who do not meet its affordable housing quota. According to the state government, any developments approved by its local councils, are required to prioritise the construction of affordable units. The state government has said that the option has always been available, adding that this action is a ‘last resort’ as Selangor has fixed a ratio of between 15% and 40% of each development be made up of affordable housing

4:40 - Human Resource Minister Kula Segaran is for studying MTUC’s proposal to raise the retirement age from 60 to 65, and introduce the monthly cost of living allowance of RM500 or more for private sector employees. Youth and Sports Minister Syed Saddiq on the other hand has disagreed and insisted that priority should be on jobs for young people and promotion based on merit not age

Presented by: Lyn Mak, Sharidz Abdullah, Julian Ng

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Categories:  Property,  Politics,  Social Issues,  Investments

Tags:  affordable homes,  retirement,  MTUC,  Selangor,  youth,  millennials,  regulation,