News about affordable housing

PETALING JAYA (Sept 28): Housing and Local Government Minister Zuraida Kamaruddin said the National Housing Policy (NHP) 2.

PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.

Issues of housing supply, affordability, and home ownership have been in focus of late.

KUALA LUMPUR (Sept 6): Minister of Youth and Sports Syed Saddiq Syed Abdul Rahman called for development land located near public transport infrastructure to be allocated for affordable housing developments, instead of selling them to the highest bidder from the private sector.

PETALING JAYA (Aug 27): The Selangor state exco has proposed to establish a taskforce that will examine the costs of residential property development to the point where the property is sold, reported The Star.

PETALING JAYA (Aug 27): A manager at a property development company was arrested by police for swindling interested buyers of affordable homes in Johor out of RM5,000 each, reported The Star.

The Pakatan Harapan (PH) coalition had marched into the 14th General Election with a clearly delineated manifesto which promises to revamp the system, wipe out corruption, revive the economy and lower the cost of living, among others.

PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.

KUALA LUMPUR (Aug 13): While some building materials will be exempted from the soon-to-be implemented Sales and Services Tax (SST), house prices may not come down due to the increase in other cost components, said Housing and Local Government (KPKT) Deputy Minister Datuk Raja Kamarul Bahrin Shah.

KEPONG (Aug 13): A family of three were scammed out of more than RM620,000 by a syndicate claiming to be able to assist them in buying three semi-detached houses developed by Selangor State Development Corp (PKNS).