Industrialised Building System Gains Momentum The Ministry of Communications secured second place in the Best Industrialised Building System (IBS) Management Award, demonstrating Malaysia’s growing adoption of modern construction technologies. IBS, which includes modular systems, prefabricated components and streamlined assembly, has become a key accelerator in national housing delivery. It allows...
The Ministry of Housing and Local Government (KPKT) is ramping up efforts to assist young Malaysians in achieving homeownership through the Madani Deposit Scheme, an initiative designed for youths aged 21 to 40. This program is one of 33 proposals submitted by KPKT to the Ministry of Finance for Budget 2025. Housing Minister Nga Kor Ming emphasized that while 76.9% of Malaysian families already own homes,...
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...
The Urban Renewal Implementation Guidelines (GPP PSB), introduced by the Ministry of Housing and Local Government (KPKT) last September, are set to transform Malaysia's urban landscapes. As a strategic tool, the GPP PSB aims to entice developers and stakeholders to rejuvenate areas brimming with untapped potential, offering a range of attractive incentives. With the upcoming Urban Renewal Act slated...
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