Affordable Housing

Protasco Bhd (KL) announced a revision of its affordable housing projects in Putrajaya, initially awarded in 2022 by Perbadanan Putrajaya. In a filing with Bursa Malaysia, Protasco disclosed that its subsidiary Protasco Development Sdn Bhd has received updated letters of award replacing the previous agreements, revising the project names and slightly reducing the units. The project previously known as...

The recent Budget 2025 announcement introduced significant support for Malaysia’s aspiring homeowners. Under the RM10 billion Housing Credit Guarantee Scheme (SJKP), 20,000 first-time home buyers will receive financial assistance, particularly those who often face hurdles in securing home loans, such as gig workers and recent university graduates. Housing and Local Government Minister Nga Kor Ming...

Should There Be a Limit on Investment Properties to Address Affordable Housing Shortage? A proposal to cap the number of properties individuals can purchase for investment has sparked debate in Malaysia. The National House Buyers Association (HBA) believes that while it makes sense to limit the number of affordable homes an individual can buy, extending this cap to all property categories could unfairly...

The Selangor state government is set to exempt property developers from development charges for affordable housing projects, effective January 2024, announced Datuk Borhan Aman Shah, the Selangor state housing and culture exco, at the Rehda Selangor Housing Convention 2024. This exemption applies to key affordable housing schemes like Rumah Idaman and Rumah Selangorku Harapan, aiming to accelerate the...

In a significant move to address the discrepancies in affordable housing prices across different regions, the Ministry of Housing and Local Government (KPKT) has embarked on implementing a comprehensive mapping of affordable housing prices under the National Housing Policy. This innovative approach seeks to establish a more equitable and realistic pricing model for affordable homes, tailored to the...

In a bid to facilitate affordable homeownership, the Malaysian government has announced plans to expand the Rent-to-Own scheme, ensuring greater accessibility for individuals belonging to the B40 and M40 income groups. Local Government Development Minister Nga Kor Ming affirmed the government's commitment to forge partnerships with financial institutions, thereby offering enticing and sustainable housing...