Govt unveils housing policy shift, big data to cut oversupply and drive affordable homes
KUALA LUMPUR, Aug 10 — Housing development will be planned according to local needs and market demand starting nex...
The Malaysian government has unveiled a new National Housing Policy 2026-2035, which aims to address housing supply and demand gaps while increasing access to affordable housing. The policy, dubbed "Humanising Housing," focuses on six key areas, 17 strategies, and 59 action plans, with a goal of providing one million affordable homes by 2035.
Housing and Local Government Minister Nga Kor Ming emphasized that the new approach will be data-driven, utilizing big data analytics to assess housing needs at the district and location level. This will enable developers to plan projects based on local demand, ensuring that affordable housing prices align with local incomes and resident needs.
The policy also aims to modernize financing options and strengthen regulatory frameworks for the rental market, including the introduction of a Residential Tenancy Act. Additionally, the government plans to incorporate transit-oriented development and modern construction technologies to optimize the use of public transport and improve project delivery.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
