KUALA LUMPUR: The Bumiputera quota for affordable housing projects will be reviewed, said Housing and Local Government Minister Zuraida Kamaruddin.
She said the review would include having standardised pricing for affordable homes in the country.
“The ministry needs some time to review and get feedback from industry players and home buyers.
“Basically, the people will be assessed based on their income instead of race. If we set the affordable homes for only those earning RM3,000 and below, we will use the guideline regardless of religion and race,” she said.
She said this at a press conference after officiating the Malaysia Property Expo 2018, organised by the Real Estate and Housing Developers’ Association (Rehda) at the Mid Valley Exhibition Centre here today.
Recently, Rehda president Soam Heng Choon proposed the review of the Bumiputera housing quota policy to allow for the automatic release of completed but unsold Bumiputera units.
When asked to comment on the sales and services tax (SST) exemption on construction materials, Zuraida said besides cheaper house prices, developers could also offer “more value for money” for buyers of affordable homes.