Weekly Industry News

HOC to focus fully on affordable houses

Weekly Industry News

THE Ministry of Housing and Local Government (KPKT) is expected to exclude medium and high-cost housing projects from the extended Home Ownership Campaign (HOC), and focus fully on low-cost developments to meet the actual market demand.

KPKT national housing department DG Jayaselan Navaratnam said the HOC, which started in January and aimed at encouraging home ownership, did not manage to reduce the number of unsold houses that are flooding the market.

“In the earlier campaign, we opened it to all markets to better gauge the customers’ expectations, their profiling and products acceptance, which also gave us a better picture on this situation.

Media Title:  The Malaysian Reserve

Date: 21 Jul, 2019

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