Low Cost Housing Policy In Malaysia
Kuala lumpur jan 29 rent and prices for low cost houses will soon be regulated once putrajaya introduces the rent control bill to clamp down on profiteering.
Low cost housing policy in malaysia. Housing programs implementing the policy are subject to some administrative regulations as the one applied to land policy. The provision of affordable housing is a major policy. The objective of the policy is to provide affordable and adequate housing to the low income group only. A contribution to sustainable development.
The national affordable housing policy or dasar perumahan mampu milik drmm was unveiled by housing and local government minister zuraida kamaruddin in early may. Malaysia as a developing country has a role to provide suitable and affordable housing. Putrajaya said rent control was crucial towards making homes accessible to bottom and middle income earners particularly in crowded urban centres where property prices have quadrupled in the last decade. The selangor state government has introduced rumah selangorku as part of the provision of low cost low medium and medium cost housing since 2000.
Top picks by edgeprop. Low cost housing in malaysia. Formal housing in malaysia introduced and implemented a concept of low cost housing lch during the fourth malaysia plan 1981 19 85. The main objective of the policy is to achieve the aim of a family a perfect home and to ensure that every individual or family is able to own a good safe and conducive home.
The government has a responsibility in providing quality housing and adequate for all its citizens. During this period overall goals of housing policy. The first home ownership campaign was launched in 12 december 1998 for a duration of one month and second home ownership campaigns included exemption of stamp duties as well as minimum price discount of 5 0 per cent for properties costing rm100 000 or less and 10 per cent for properties costing above rm100 000. This can be done through policies enacted and housing programs.
The national community policy which was approved by the malaysian cabinet on 23rdnovember 2018 aims to empower the community in residential areas particularly those in social housing people s housing programme to be actively involved in the management and maintenance of public property.