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Higher asking prices mark the start of property market recovery?
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Housing Ministry sets up committee to monitor affordable housing implementation Facebook Twitter BERNAMA November 18, 2021 | Updated 1 day ago KUALA LUMPUR (Nov 18): The Ministry of Housing and Local Government (KPKT) has established a committee to coordinate the implementation of 500,000 units of affordable housing for the duration of the 12th Malaysia Plan (12MP). Its Minister Datuk Seri Reezal Merican Naina Merican said the committee would monitor the implementation and provision of housing supply by 15 housing provision agencies, in addition to the Ministry, State governments and the private sector. “From the targetted 500,000 affordable housing units under the 12MP, the Ministry plans to contribute 20%, which is around 100,000 units,” he said during the winding up of the Supply Bill 2022 at the policy level at the Dewan Rakyat on Wednesday. He said besides the committee, the National Affordable Housing Council (NAHC) is also a platform to monitor the construction of affordable housing in the country. TOP PICKS BY EDGEPROP The Ministry is continuing its efforts to identify the causes behind Malaysians’ inability to afford homes in line with the 12MP strategy of increasing the supply of affordable housing to target groups, he said. Also, Reezal Merican said the Ministry would pay attention to housing projects for B40 and M40 groups throughout the country to ensure that they were more inclusive and with complete infrastructure. On the People’s Housing Projects (PPR) in Sabah, he said 33 projects have been completed in the State, for a total of 23,009 units, while five more projects, totalling 3,090 units, are still under construction so far. Overall, the number of completed PPR projects in Sabah represents 21.4% of the total PPR units built in the country with 3,897 units unfilled, he added. In other developments, he said the Ministry is drafting a policy regarding the transition of solid waste management towards a circular economy that will emphasise sustainable consumption and manufacturing practices after realising the need to create a holistic solid waste management system. He said the effort would reduce the generation of solid waste in the long term and reduce the costs of solid waste management, thereby contributing to the achievement of Sustainable Development Goals (SDGs). “By encouraging a circular economy and to reduce waste at landfills, the Ministry is targeting to increase the national recycling rate to 40% by 2025,” he said. Get the latest news @ www.EdgeProp.my Subscribe to our Telegram channel for the latest stories and updates Click here for more property stories Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase. HOUSING MINISTRY KPKT AFFORDABLE HOUSING 12MP PPR RELATED POSTS Jendela PPR helps raise standard of living of PPR residents - Reezal Merican KPKT minister: A strategic and inclusive budget for all 78 abandoned housing projects in Peninsular Malaysia - Reezal TRENDING NOW 1 Industrial floorings: Everyone loves a nice clean floor but wait … lest you paint yourself into a corner! 18 Nov 2021 | Updated 22 hours ago 2 The cuti-cuti Malaysia remedy for hotel industry 18 Nov 2021 | Updated 19 hours ago 3 The importance of industrial flooring solutions – save your time and money in the long-run 18 Nov 2021 | Updated 22 hours ago 4 DONE DEAL: Three-storey semi-detached factory at Seri Kembangan, Selangor 17 Nov 2021 | Updated 2 days ago 5 Are solar PV systems becoming more cost-attainable for home users? 18 Nov 2021 | Updated 20 hours ago 6 Penang plans to set up more Covid-19 booster dose facilities, says CM 19 Nov 2021 | Updated 20 minutes ago 7 PH leaders plan to meet PM next week over MoU with federal govt, says Guan Eng 19 Nov 2021 | Updated 32 minutes ago 8 King confers 2021 federal territory awards on 163 individuals 19 Nov 2021 | Updated 2 hours ago 9 Sunway to form JV with Hoi Hup to acquire residential land in Singapore for RM2.5b 19 Nov 2021 | Updated 2 hours ago 10 Melaka state election: BN's Sulaiman promises to amend state land rules 19 Nov 2021 | Updated 2 hours ago 11 Covid-19: 81.8% of Malaysian adolescents fully vaccinated as of Nov 18 19 Nov 2021 | Updated 2 hours ago 12 Boustead partners PowerChina unit to explore renewable energy, construction opportunities 19 Nov 2021 | Updated 3 hours ago 13 i-Serve Online Mall requests BNM to clarify 'factually incorrect' press statement on joint action enforcement 19 Nov 2021 | Updated 3 hours ago 14 Tashin 3QFY21 profit rises 800% on higher steel prices, declares two sen dividend 19 Nov 2021 | Updated 3 hours ago 15 Finance Minister confirms Cabinet considering Najib’s request for home, land worth RM100m 19 Nov 2021 | Updated 3 hours ago DO MORE WITH EDGEPROP.MY Read news Read the latest news and in-depth coverage of Malaysian property - what's hot, what's not and more Search listings Find residential or commercial properties for sale, rental and auction by licensed agents Search new projects Check out over 200 new project launches and offers by developers in Klang Valley and other locations Get property market insights Get your personalized property report (including estimated home value) and find past transacted data Get home design ideas ZING.my can help you get started on your renovation project. 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