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.

This policy will be applied to all proposed development of residential commercial apartments and boutique offices, starting Sept 1, when developers submit their proposals for approval.

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.

“The state government is taking this initiative to help them and this is also part of an ongoing commitment to provide affordable housing for lower and middle class,” he said.

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.

The selling price per unit does not exceed RM250,000 in accordance with the Selangorku Homes Policy and the size of each unit is between 450 and 550 sq ft.

Priority will be given to young entrepreneurs who are below 40 years old, single income or as a couple earning no more than RM15,000 per month.

Interested applicants are only allowed one unit by the Selangor Housing and Property Board (LPHS). For details and to register, contact LPHS.