SELANGOR government will be introducing a Residential Commercial Apartment Development Policy and affordable Boutique Offices to provide retail space to young entrepreneurs who are starting a business and do not need large office space. The decision, approved by the state executive council and chaired by Mentri Besar Datuk Seri Mohamed Azmin Ali, also includes serviced apartments, small office home office (SOHO), serviced apartment or SoHo in areas of Transit Oriented Development, small office versatile office (SOVO) or small office flexible office (SOFO). Azmin said young entrepreneurs were national assets and in particular, those in Selangor, as the state was the country’s largest revenue contributor. Under this policy, 10% to 30% of the components for affordable housing development will be for all four types of apartment residential commercial and boutique office, depending on the number of units being developed. Interested applicants are only allowed one unit by the Selangor Housing and Property Board (LPHS).

Source: The Star September 12, 2016 23:44 UTC