Friday 29 Mar 2024
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SEPANG (July 15): The Housing and Local Government Ministry is now drafting the National Housing Policy 2.0, scheduled to be ready by the end of the year, said its minister Zuraida Kamaruddin.

She said her ministry will also look into the suggestion by the Real Estate and Housing Developers Association (Rehda) for the ceiling price of affordable homes in Kuala Lumpur and the Klang Valley to be set at RM500,000, and for the government to build affordable housing while the private sector will focus on delivering market-driven properties without price control and quota.

At the same time, the ministry will review applications for affordable homes by bumiputera that were rejected by financial institutions.

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 meet with the Employees Provident Fund and other financial institutions to find a solution to the problem," she told reporters after opening a briefing on preventing child sexual abuse in Tanjung Sepat here today.

“The ministry is committed to help bumiputera to become house owners,” she added.

She was responding to a suggestion by Rehda for unsold bumiputera quota affordable homes to be released to the open market.

 

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