Malaysiaโs Budget 2025 Boosts Smart City Development with RM15.1 Million Allocation In a landmark move, Malaysiaโs Budget 2025 has allocated RM15.1 million to the Housing and Local Government Ministry to propel the development of smart cities across the nation. Described as the largest allocation for such initiatives to date, Housing and Local Government Minister Nga Kor Ming emphasized that these...
The Madani Economic Framework, launched with the ambition of revitalizing Malaysiaโs economy, has shown promising improvements in several areas. However, experts and consumer groups argue that significant systemic issues must be addressed to achieve long-term, tangible results. As Prime Minister Datuk Seri Anwar Ibrahim prepares to present the Madani Economy report, stakeholders are keenly watching to...
As Malaysia unveils its Budget 2024, key figures in the property market have expressed their thoughts. While appreciating the government's initiatives, several areas in the property sector, including affordable housing supply, property financing, and rental market regulations, were left unaddressed. Industry leaders emphasize the importance of these aspects for a comprehensive development plan. Tan Kian...
In the recently revealed Budget 2024 Madani, themed "Madani Economy: Empowering the People," the Malaysian government has earmarked a total of RM393.8 billion. This reflects a modest increase from the previous budget of RM388.1 billion, set in February 2023. One key highlight is the government's strong commitment to driving the New Industrial Master Plan 2030 (NIMP), with up to 10% of the total NIMP...
Malaysia is setting its sights on designating at least five smart cities by 2025 as part of its ongoing efforts outlined in the Mid-Term Review (MTR) of the 12th Malaysia Plan (12MP). This strategic move aims to accelerate the transformation of urban areas into smart cities, focusing on enhanced service delivery and attracting more investments. The plan involves adhering to the Sustainable Cities and...
Prime Minister Datuk Seri Anwar Ibrahim has unveiled plans for the Madani Inclusive Housing pilot project, aimed at addressing the housing needs of target groups in Kuala Lumpur's federal territory, major cities in Selangor, and Penang. This initiative will encompass the construction of 800 housing units, each designed to cater to the specific requirements of diverse target demographics. During his...
The existing National Housing Policy will be reviewed based on the Madani framework, to align with the vision to create a prosperous nation and balance for all Malaysians, according to the Local Government Development Ministry. In a statement issued here on Monday (Jan 23), the ministry said that through the new housing policy and more organised planning, as well as with the cooperation of all housing...
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