Department proposes fair price committee

Nordin: The aim is to ensure that house prices remain manageable and affordable for different segments of the population.

KAJANG: The Valuation and Property Services Department has proposed the setting up of a committee to monitor the cost components of house prices.

This is in view of persistent affordability issues and rising overhang, which stood at 29,227 units worth RM17.24bil as of June 30, its director-general Nordin Daharom said. Serviced apartments and small offices as well as home offices are excluded.