Ministry to introduce comprehensive property database

The ministry has emphasised that it will address several issues which include lowering house prices by reducing compliance cost and implementation of industrialised building systems.

KUALA LUMPUR: The Housing and Local Government Ministry (KPKT) is currently working on a comprehensive database to help first-time house buyers own a property.

Its Deputy Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad said the database, which is expected to be introduced next year, would include transactions and property ownership data and become a reference for property developers to better plan their supply.

“The database will also help authorities to filter the property purchasers who own multiple properties from first-time house buyers.

“We are working hard on it. The biggest challenge that we are facing is some resistance from local authorities in surrendering the housing market data which is totally not a healthy situation,” he told reporters after officiating the opening ceremony of the ‘Housing and Property Development Colloquium’ here, today.

The one-day conference is organised by Kingsley Advisory and Strategic Initiatives Institute with the theme ‘Reimagining the Housing and Property Industry in the New Malaysia’. - Bernama