The government has agreed in principle for utility companies to build their own amenities as part of efforts to help property developers reduce compliance costs, which in turn should lower home prices, said Housing and Local Government Minister Zuraida Kamaruddin.
“We have spoken to the [various] ministries and at the ministerial level, they have in principle agreed [to this proposal],” Zuraida told reporters after the opening of the Real Estate and Housing Developers’ Association Malaysia (Rehda) Housing Conference 2018 on “Housing in an era of change: A new direction” here yesterday.
She expected the proposal to come into play by 2019 after the approval of the new housing policy by the cabinet.
Media Title: The Edge Financial Daily
Date: 10 Oct 2018