KUALA LUMPUR, 13 Oct 2018:
The Bumiputera quota for affordable housing projects will be reviewed, said Housing and Local Government Minister Zuraida Kamaruddin.
She said the review would include standardised prices for affordable homes in the country.
“The Ministry needs some time to review and get feedback from industry players and home buyers.
“Basically, the people will be assessed based on their income and not race. If we set the affordable homes for only those earning RM3,000 and below, we will use the guideline regardless of religion and race.”
Real Estate and Housing Developers’ Association president Datuk Soam Heng Choon had recently proposed a review of the Bumiputera housing quota policy to allow for the automatic release of completed but unsold Bumiputera units.
When asked to comment on the Sales and Services Tax exemption on construction materials, Zuraida said besides cheaper house prices, developers could also offer “more value for money” for affordable home buyers.
– Bernama