PUTRAJAYA – The existing national housing policy will be reviewed based on the Madani framework to align with the vision of a prosperous nation and balance for all Malaysians, according to the Local Government Development Ministry.
In a statement issued today, the ministry said that through the new housing policy and more organised planning, as well as the cooperation of developers and all housing agencies at the federal and state levels, it would be able to achieve the target of providing 500,000 affordable houses by 2025.
“The ministry is prepared to review existing initiatives, find new incentive opportunities, and facilitate all procedures in the approval of housing development to give space for active participation by private housing developers, to provide quality affordable houses for the people,” it said.
The ministry also said it would look into the housing policies in several countries, particularly Singapore for its success in providing public housing for 80% of its eligible citizens regardless of their race.
It said the ministry planned to share with Singapore its knowledge of the development and management of affordable housing.
The new national housing policy will take into account the people’s various needs according to culture, custom, religion, and situation, it said.
This is to strengthen the country’s housing development strategy based on the six core values of Madani , namely sustainability, prosperity, innovation, respect, trust, and compassion, it said. – Bernama, January 23, 2023
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