KUALA LUMPUR (Oct 25): The Ministry of Housing and Local Government is in the midst of conducting a big data analytics (BDA) study on housing from February to obtain a true picture of the position and availability of data related to the housing sector in Malaysia.
Deputy Minister Datuk Seri Ismail Abdul Muttalib said the study, expected to be completed in May 2022, would determine the direction of the development of the BDA system, which includes data, technology, processes, skills and costs required to develop the system.
“This study aims to assist in addressing unsold properties and to find out a more clear and accurate position of the housing market for the development of a sustainable and efficient real estate sector,” he said during the question-and-answer session in the Dewan Negara here on Monday (Oct 25).
He was responding to a question from Senator Datuk Koh Nai Kwong who wanted to know whether the ministry will establish a database to monitor homeownership so as to ensure the government’s objective for the people to own a house is achieved.
Ismail said the initial findings of the study revealed that data related to housing supply and demand is available in various state agencies and departments.
As such, he said there is a need to set up a data repository system to enable stakeholders in the industry to use the same data when providing inputs or feedback, such as on supply and demand as well as the ability to own a house.
In addition, Ismail said the ministry is also in the midst of developing the Housing Integrated Management System (HIMS) to enable developers to refer to the Housing Development (Control and Licensing) Act 1966 (Act 118) and other related regulations on a single platform.
He added that HIMS will be a mechanism to collect housing data for the purposes of managing, monitoring and reporting homeownership.
“The development of the HIMS application is in the final stage of testing and expected to be fully operational in the second quarter of 2022. This system will also be one of the components of the BDA system,” he said.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates