Weekly Industry News

Integrated property database key to address market concerns

Weekly Industry News

Malaysia will need an integrated property database that could serve as a launch pad for future policy direction and actions by both the government and private sector players.

This was suggested by experts at the inaugural “Constructing and Financing Affordable Housing across Asia Conference” on Affordable Housing, jointly hosted by Cagamas Bhd and the World Bank Group here, yesterday.

Speaking during a panel session, Cagamas president and chief executive officer Datuk Chung Chee Leong said while there has been clear success in the promotion of home ownership, as observed in the rate of Malaysian home ownership at over 70%, there is a prevailing issue of a supply and demand mismatch.

He also lamented the increase in housing prices, which have grown at a faster pace than the growth of income levels of individuals or households.

MediaTitle: The Edge Financial Daily

Date: 04 Apr 2019

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