There have been cases where the rich have bought up affordable housing in an effort to gain more wealth by renting out their units. This would then reduce the supply of affordable housing for the community it was meant for, the underprivileged.
Well, it looks like the authorities are now implementing measures to ensure that the supply is maintained.
According to a report by Astro Awani, the government will implement a rule to limit the purchase of affordable housing to only 1 unit per eligible citizen. This will be enforced in an effort to ensure an adequate supply of affordable homes.
This information was made public during the 12th Malaysia Plan Half-Term Review report issued by the Ministry of Economy, where a housing database will be developed to enable more accurate cross-screening of ownership information with relevant agencies to determine ownership eligibility.
It was also informed that a land inventory information system that integrates all ‘wakaf‘ land (land that was donated for religious charitable purposes) information will be established to identify suitable spaces for the construction of more affordable housing.
“In addition, the cooperation of the state religious council and related agencies will speed up the development of affordable houses on wakaf land,” the report shared.
What do you think about this? Do feel free to share your thoughts in the comment section.
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