Search Articles

Find tips, tools and how-to guides on every aspect of property

Ministry to review rejected application for Bumiputera affordable homes - Zuraida



15 July, SEPANG – The Housing and Local Government Ministry will review applications for affordable homes by Bumiputera that were rejected by financial institutions, said its minister, Zuraida Kamaruddin.

The move, she said, was to ensure they were already house owners and to avoid a glut in unsold affordable houses under the Bumiputera quota.

“The ministry will also meet with the Employees Provident Fund and other financial institutions to find a solution to the problem.

The ministry is committed to help Bumiputera to become house owners, she told reporters after opening a briefing on preventing child sexual abuse in Tanjung Sepat here today.

She said this in response to a suggestion by the Malaysian Real Estate and Housing Developers Association (Rehda) for unsold Bumiputera quota affordable homes to be released to the open market.

On another suggestion by Rehda for the ceiling price of affordable homes in Kuala Lumpur and the Klang Valley be set at RM500,000 and for the government to build affordable housing, while the private sector to deliver market-driven properties without price control and quota, she said the ministry would look into the matter.

The ministry is now drafting the National Housing Policy 2.0, scheduled to be ready by end of the year, she added.


Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles