The act of acquiring agriculture land and turning it into a public housing development is not a new move. It has been the right approach adopted by many countries and, yes, it is even practised in Malaysia.
Can I put a building on agricultural land?
At present, you can erect, extend, or alter a building on agricultural land if it meets the following criteria: The agricultural land must not be less than 5 hectares in area. You cannot erect, build or alter any building classed as a dwelling. The building must be solely for the purpose of agriculture.
Is Farmland good for building a house?
Agricultural land offers a number of benefits to the prospective homeowner. It is often much cheaper than land specifically zoned or subdivided for residential use. It also provides the possibility of more peace and quiet in a secluded, rural setting. A piece of farmland may make the perfect site for a country home.
Is farmland a good investment 2020?
Farmland provides attractive returns paired with low volatility. Not only is farmland a good investment in an inflationary environment — farmland also provides robust average annual returns. Between 1992 and 2020, farmland provided average annual returns of nearly 11%, including income and price appreciation.