Rehda supports government clarification that both build-then-sell and sell-then-build housing delivery systems will remain unchanged in Malaysia.
KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia has welcomed the government’s clarification that both housing delivery systems will remain unchanged.
Rehda said Housing and Local Government Minister Nga Kor Ming’s announcement to retain both build-then-sell and sell-then-build systems shows the government’s commitment to public needs.
The association stated this demonstrates the government’s willingness to consider all industry stakeholders’ opinions to maintain a robust property sector.
Rehda president Datuk Ir Ho Hon Sang said STB has made housing more affordable for Malaysians since regulation began decades ago.
He noted this system has enabled developers to continuously deliver housing to meet national housing goals.
“To impose a strictly BTS system would negatively impact that ability, which would affect the provision of affordable housing,” Ho said.
He added that homebuyers can still purchase BTS homes on the secondary market, where 80-85% of housing transactions occur annually.
“The BTS 10:90 scheme is outlined in the Housing Development Act 1966, and we encourage capable developers to consider it,” he added.
Rehda expressed support for the housing reform plan highlighted by Nga in Parliament.
The association said it will continue encouraging members to uphold their nation-building role by providing quality, affordable homes sustainably. – Bernama
