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KUALA LUMPUR: The new National Housing 2.0 Policy expected to be announced in September will focus on reducing housing prices by lowering compliance costs.
This is currently being considered for the social housing segment, which will be a subset of The Director General of the National Housing Department, N. Jayaselan, told reporters at the 2018 Affordable Housing Conference. [19659002] Compliance costs include various royalties paid by developers and include land conversion fees and utility contributions. water and water of Indah.
"These fees drive up real estate prices," says Jayaselan
Sime Darby Property, chief operating officer of Bhd Township, Datuk Wan Hashimi Albakri, said the costs of The company's compliance currently accounted for one-quarter of its development cost. compliance costs represent 25% of our development costs. At first, it was only 10%, "he said following a signing ceremony with the United Nations Fund for Children on Monday.
Wan Hashimi hopes the compliance costs would be reduced) was reintroduced on September 1, but he pointed out that it was still too early to say how the SST would impact business operations.
He warned, however, that if compliance costs increased after the implementation of OHS, there would be no choice but to pbad on the increase to its customers.
General Manager of Knight Frank Malaysia, Sarkunan Subramaniam, hailed the decision to lower compliance costs, which would help reduce the price of homes.
He said compliance costs could be reduced are shortened.
"Costs of compliance … a great deal is related to timing. Sometimes it takes too long to get approvals before something can be done. If the time is shortened and red tape reduced, it would reduce costs and make homes more affordable.
"What you need is a one-stop-shop that can streamline the different processes." [19659002ThereisaneedforamoreflexiblehousingplantoreducethesecostsItmeansthatlocalauthoritieswillhavetoplayalargerroleinaffordablehousing
As part of this segment of public housing, the ministry is working with private developers to establish an affordable housing threshold for private developers and public agencies. The private sector wants to set it at RM500,000, while the government wants RM300,000. Although the price threshold has not yet been agreed by both parties, they have agreed to divide the country into different regions in order to establish price clarity.
The policy also requires a systematic and integrated database to be established by January 2019 between the National Housing Department and the National Information Property Center or Napic.
"We are in the process of writing a form to be completed by developers instead of different forms as in the current practice, we are integrating both systems," he said.
Because the land is a problem, the government plans to use "wakaf" land for public housing. State and federal governments have "a significant amount of Wakaf land" that can be converted into orphanages, schools and other "benevolent" uses.
"The land is a major component of real estate transactions and if you can make it cheaper and more accessible" Yes, it is true that the state government must earn money, but the lands are sold at high prices. "
The problem of land scarcity is to allocate some of the mega-development projects for affordable housing, says Sarkunan.
"The Rubber Research Institute landed in Sungai Buloh, for example … some of it could be reserved for affordable houses.The same could be suggested for Bandar Malaysia Why can not we, for example, 40%, to be designated for such projects? "
The other goal is to reduce loan rates. This is being developed with Bank Negara.
Jayaselan has debunked the myth that this could lead to a subprime problem as was the case in the United States in 2008.
Therefore, the establishment of a single coordinating body would optimize the land use. "We are going to put everything in place and it will be done in stages.We are working on the phases."
"This would help improve the efficiency of public and private housing. We want a systematic financial allocation for the public housing program, "he said.
To begin, the inclusion of six agencies under the Ministry of Housing, namely, PR1MA, PPA1M or Perumahan Penjawat Awam Malaysia , RumahWIP, 1Malaysia Public Housing, UDA and Syarikat Perumahan Negara Bhd.
Jayaselan said that there would be no staff cuts but a redeployment.
Sarkunan added that the relevant authorities have to "think outside the box" a little to be able to make homes more affordable.
"Many Malaysian homebuyers … when they buy a new house from a developer, they demolish it immediately and perform all kinds of renovations based on their personal preferences. It's really useless.
"Why can not developers offer cheaper hull houses and let the buyer do what he wants? In China or Thailand, it's actually possible. "
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