Wednesday, October 10, 2012

Angkasa To Lead More Cooperatives Into Construction And Real Estate Industry

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=700555

Published: October 09, 2012

KUALA TERENGGANU, Oct 9 (Bernama) -- The National Cooperative Organisation of Malaysia Ltd (Angkasa) will lead more potential cooperatives into the construction and real estate industry to assist the government overcome the housing problem in the country.

Its President, Prof Datuk Dr Mohd Ali Baharum said the issue of rising house prices, can see a reduction through the involvement of cooperatives in this industry.

"I believe that with the presence of cooperatives, the construction cost will be lower than what it is now, particularly with their influence on the construction materials supply network.

"A joint venture or consortium among cooperatives in the country can be formed for this purpose, and achieve greater competitiveness in large scale housing, which is more challenging," he added.

He was speaking at the dinner in conjunction with the Angkasa-Singapore National Cooperatives Federation (SNCF) meeting here yesterday.

-- BERNAMA

No comments:

Post a Comment