KPKT to Provide Real-Time Data on Residential Glut

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Headline KPKT to provide real-time data on residential glut MediaTitle The Malaysian Reserve Date 26 Nov 2020 Color Full Color Section Corporate Malaysia Circulation 12,000 Page No 6 Readership 36,000 Language English ArticleSize 337 cm² Journalist N/A AdValue RM 3,539 Frequency Daily PR Value RM 10,616 KPKT to provide real-time data on residential glut Meanwhile, in her winding-up THE Housing and Local Govern- perty developers in launching speech for the Supply Bill 2021, ment Ministry (KPKT) will be housing projects and avoid pro- Zuraida said the ministry will conducting a study and analysis on perty overhang issues. extend the moratorium of the rental the state of supply and demand of Citing data from the National and rent-to-own (RTO) schemes residential projects to address the Property Information Centre, for the People's Housing Project property glut in the country. Zuraida said 31,661 unsold units + (PPR) houses until March 2021. Minister Zuraida Kamaruddin valued at RM20.03 billion were "March to September this year said the study will begin in the first recorded in the first half of 2020 was our first phase in giving the quarter of 2021 and the data will be (1H20), which is a 3.3% increase moratorium for these PPR houses, used as a guideline in drafting from 30,664 units in 2H19 valued at and we are currently in the process to more comprehensive policies at the RM18.82 billion. execute the second phase, which will federal and state levels. The minister said data from the end in March next year," she added. study will also contribute to the "There is a heavy overhang in Between March and September Housing Integrated Management residential property caused by this year, 3,636 units of PPR houses System (HIMS) — a real-time data poor planning of projects and under the rental scheme were given developed by the ministry — in unsuccessful housing loans. the moratorium, involving RM3.71 allowing better access to informa- "Currently, property developers million, while the RTO scheme tion on housing development. do not have data on demand recorded 4,650 units involving "The ministry is developing a estimation for residences to guide RM6.67 million. real-time big data system to guide their projects," she told the Dewan "KPKT encourages moratorium developers in launching new Rakyat yesterday. Data from the study will also contribute to HIMS in allowing better access to information to be given to other public housing residential projects," she said. on housing development, says Zuraida Zuraida was responding to under other state governments Zuraida said HIMS will include Datuk Ahmad Jazlan Yaakub and local authorities to help those inputs from contractors and deve- ring, as well as the enforcement and She added that the data manage- (Barisan Nasional-Machang) who who are affected by the Covid-19 lopers, such as data on licence issu- housing ownership under private ment system is expected to be questioned about measures taken pandemic," she said. by the ministry to monitor pro- ance, project control and monito- projects. completed in the middle of 2021. .

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