The Ministry of Housing and Local Government has set up a Housing Integrated Data System, after a Bank Negara report in 2017 underscored the lack of information on the supply and demand of affordable housing, reported The Sun Daily.
“Malaysia does not have a complete database containing information on supply and demand for housing according to the report by Bank Negara (in 2017),” said Housing and Local Government Minister Zuraida Kamaruddin.
She noted that the ministry had been finding it hard to obtain information like income levels by location as well as other data relevant to housing demand and supply.
The system would help the ministry gauge and adjust affordable housing supply to meet the demands based on location.
“The federal government through the Ministry of Housing and Local Government is working closely with relevant ministries and agencies to identify issues and problems involved for the provision of one million affordable homes,” said Zuraida.
“Comprehensive housing data is essential to identify the demand and supply of affordable housing in Malaysia. The proposal for the data system has been agreed upon during the first meeting Majlis Perumahan Mampu Milik Negara (MPMMN) Bil. 1/2019 held on the Jan 8, chaired by Prime Minister Tun Dr Mahathir Mohamad.”
She revealed that the ministry had coordinated with the National Property Information Centre for the housing data and is planning to involve other housing development agencies in the affordable housing plan.
“We will expand these engagement sessions with other relevant agencies as well such as the Inland Revenue Board and the Department of Statistics Malaysia in assisting the Ministry to develop a reliable and comprehensive housing database.”
Image source from Malay Mail
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