Govt to build 100,000 affordable homes by end-2019


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 is targeting to build 100,000 affordable homes by the end of this year, in line with the Pakatan Harapan government’s manifesto to provide budget housing.

At the launch of the National Housing Policy 2018-2025 earlier on Monday, Housing and Local Government Minister Zuraida Kamaruddin said the homes, which will be made available all over Malaysia, will be capped at RM300,000.

Under its manifesto, the Pakatan Harapan government had pledged to build one million houses in 10 years.

The new National Housing Policy has outlined five focuses, 16 strategies and 57 action plans.

The five focuses include improving accessibility and affordability; quality housing for all; cohesive neighbourhood; improving coordination between housing development and transportation; and strengthening institutional capability for the National Housing Policy.

She said the govt would launch the home ownership scheme in March at KLCC in which the government would propose two price levels – RM150,000 and below, and RM150,001 to RM300,000 nationwide. 

According to Bloomberg, the government will also study and start drafting the Residential Rental Act this year.


The Act will protect interests of house owners and tenants. The government expects to formalise the act by 2020.

 

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Fahmi: Malaysia's economy remains strong, continues to be the focus of foreign investors
Carimin acquires 19.5% stake in Sealink International for RM40mil
TNB terminates renewable energy PPA with Reneuco
Sunway to proceed with RM11bil takeover of IJM
KIP-REIT expects higher footfall across its malls
Oxford Innotech wins RM4.8mil data centre job
Suria Capital appoints Abd Rahman Dahlan as chairman
Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds
Shin Yang secures RM117.7mil vessel deal
UOA REIT reports threefold profit increase in 4Q25

Others Also Read