The Ministry of Housing and Local Government is drawing up a national blueprint for the property industry, said National Housing Department director-general Jayaselan Navaratnam.
Speaking to City Sr Country on the sidelines after the launch of Khazanah Research Institute’s (KRI) “Rethinking housing: Between state, market and society” report on April 25, he noted that there is a need for such a blueprint as currently, every state has its own policies on matters relating to the industry. “It will provide the states with the guidelines so that they can work within the framework … there will be standardisation.
What we need to do is, get all the states to agree. It is a major task, so it won’t come in immediately. It could take five years and we are not sure if it will be an Act or apolicy, he said.
