HBA offers feedback to YB Menteri on issue of Bumiputra Quota
HBA refers to the statement by the Honourable Minister for Housing and Local Government, Pn Hih Zuraida Kamaruddin (“YB Menteri”) that her ministry wants to seek feedback from the housing industry on the relevance of the Bumiputera quota for affordable homes in the new housing policy under the Pakatan Harapan Government.
Make no mistake, Malaysia is currently facing a housing crisis where the majority of the Rakyat are struggling to buy their dream home. Bank Negara Malaysia in its 2016 Annual Report highlighted “since 2012, the increase in house prices in Malaysia has outstripped the rise in income levels.
Consequently, prevailing median house prices are beyond the reach of most Malaysians.
