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.

 

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

NCT Alliance marks NSIP milestone with Phase 1 handover, KM2 launch
Public Bank proposes to privatise Public Financial Holdings in RM379mil deal
Theta Edge unit wins Prasarana network operator contract
Ringgit ends lower as oil prices rise, Fed decision looms
Favelle Falco secures RM131.7mil in crane supply contracts
TT Vision subsidiary bags RM9.5mil purchase order
Malaysia’s trade rises 24.7% to RM2.16 trillion in first seven months of 2026
TRC Synergy secures RM150mil hyperscale data centre contract
QES proposes RM17.5mil acquisition of two Singapore office units
FBM KLCI ends nearly flat after range-bound trade

Others Also Read