National Housing Policy: What does the policy mean for Malaysians

Malaysia's National Housing Policy, or Dasar Perumahan Negara (DRN) 2026-2035, aims to revolutionize the way homes are planned, built, financed, and managed in the country. The policy emphasizes using detailed local data to determine housing needs, expanding rental and financing options, improving the use of existing housing stock, and strengthening the approval and delivery of housing projects.

By responding to local demand, the DRN seeks to build homes where people need them and connect them to jobs, transport, and essential services. Additionally, the policy proposes considering existing housing stock and completed but unsold units in housing development approvals, making better use of existing housing stock, and assessing affordability based on location.

The DRN also introduces more ways to access housing, such as rent-to-own guidelines, affordable rental schemes, incentives for developers to provide affordable rental housing, shared ownership schemes, and long-term fixed-rate mortgage products.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.