Regulations planned for resale of affordable houses


  • Property,Construction,Corporate News
  • Thursday, 28 Mar 2019

Zuraida Kamaruddin said tha the regulations under the National Affordable Housing Policy was being fine-tuned to allow target groups to purchase homes at reasonable prices.

KUALA LUMPUR: The Housing and Local Government Ministry plans to set regulations for affordable homes to be sold back to the ministry if the homeowner wishes to sell.

Its minister Zuraida Kamaruddin said tha the regulations under the National Affordable Housing Policy was being fine-tuned to allow target groups to purchase homes at reasonable prices.

“In the future, through the Pakatan Harapan government housing policy, if the homeowner wishes to sell (the house), it would have to be sold back to the ministry,” she said when winding up the debate on the motion of thanks on the Yang di-Pertuan Agong’s royal address for her ministry at the Dewan Rakyat yesterday.

Commenting on the matter at Parliament lobby, Zuraida said the regulations would be able to control house prices as well as home ownership, especially in preventing those who did not qualify to purchase affordable homes.

She added that the rules would apply to all affordable homes built beginning this year. – Bernama


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3
   

Across The Star Online


Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia