Slow market: Visitors at a property event. The development of UPESM was prompted by concerns over the steep rise in completed but unsold housing in 2016 totalling 14,792 units and 24,738 units in 2017.
KUALA LUMPUR: Discussions have been held between different departments to solve “a broken housing market”, which include “harmonising” a data collection system and the preparation of the National Housing Policy 2.0 for 2018-2022, both of which would integrate to help underpin the residential market, participants at the Rehda Institute conference were told.
National Housing Department deputy general for operations Yahya Ab Ghani said the latest round of discussions on April 27-28 between the National Property Information Centre (Napic), the National Housing Department and the Prime Minister’s Department concluded with Napic and the National Housing Department agreeing to “harmonise” two different systems of data collection.
Limited time offer:
Just RM5 per month.
