Demand-driven approach emphasises the importance of transparency and necessitates efficient information collection in order to meet the people’s housing needs.
The Asian Strategy & Leadership Institute’s (ASLI) Centre for Public Policy Studies (CPPS) is urging the government to adopt a demand-driven approach, instead of a supply-driven approach, to encourage market demand to lead the property industry.
CPPS senior policy analyst Jarren Tam said historically, Malaysia has leaned towards a supply-driven housing policy, which means that the government focuses on factors such as cost reduction, provision of cheap foreign labour, subsidies to suppliers for technology adoption and credit market leniency for loans.
