REVIEW OF BUMI HOUSE QUOTA
Homebuyers to be assessed based on income, not race
THE Bumiputera quota for affordable housing projects will be reviewed, said Housing and Local Government Minister Zuraida Kamaruddin.
She said the review would include price standardisation.
“The ministry needs time to review and get feedback from industry players and homebuyers.
“They (buyers) will be assessed based on their income and not race.
“If we set the (income level for those eligible for) affordable homes at RM3,000 and below, we will use the guideline, regardless of religion and race.”
She said this after launching the Malaysia Property Expo, organised by the Real Estate and Housing Developers’ Association (Rehda) at the Mid Valley Exhibition Centre here on Friday. Rehda president Datuk Ir Soam Heng Choon had recently 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 exemption on construction materials, Zuraida said besides lower house prices, developers could offer more “value for money” to homebuyers.