Gov’t To Introduce Regulations For Resale Of Affordable Houses

March 29, 2019

In a bid to control affordable house prices and ownership, the Housing and Local Government Ministry will set-up new regulations for affordable houses to be sold back to the ministry, if homeowners want to sell. 

To be rolled-out under the National Affordable Housing Policy, the new rules are being fine-tuned to enable target groups to acquire homes at reasonable purchase, revealed Housing and Local Government Ministry Minister Zuraida Kamaruddin, reported Bernama.

READ MORE: What’s RPGT, and why it affects you if you want to sell your property

“In the future, through the Pakatan Harapan government housing policy, if the homeowner wishes to sell (the house), it would have to be sold back to the ministry,” said Zuraida when winding up the debate on motion of thanks relative to Yang di-Pertuan Agong’s royal address for the ministry.

She added that the rules would apply to affordable homes built this year.

Image source: The Star Online

 

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