KUALA LUMPUR: The government has introduced three major initiatives to regulate house prices, aiming to ensure Malaysians continue to have access to affordable homes.
Deputy Minister of Housing and Local Government, Datuk Aiman Athirah Sabu, said one of the measures includes capping the maximum price for homes under the National Affordable Housing Policy at RM300,000.
She added that the ministry has also implemented affordable housing price mapping to make sure set prices match the financial capabilities of the public.
“The government carried out the affordable housing price mapping based on the state and district median household income from the Household Income and Expenditure Survey 2024.
“This mapping serves as a guide for setting house prices in each area and can be accessed via the affordable housing information dashboard on the Malaysian Urban Observatory (MUO) website,” she said during a question-and-answer session in the Dewan Rakyat on Tuesday (Jan 27).
She was responding to Muhammad Ismi Mat Taib (PN-Parit), who asked about measures taken to address sudden house price increases that have burdened first-time buyers.
Aiman Athirah said the ministry has also tightened oversight of housing developments through the Housing Integrated Management System (HIMS), which manages applications for development licenses, advertising, and sales permits online.
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“This system is the main tool for gathering housing data for management, monitoring, and reporting, as well as for early intervention on delayed or at-risk projects,” she explained.
She added that, according to the National Property Information Centre (NAPIC), house prices in Malaysia have been on the rise, with the Malaysian Housing Index reaching 227.3 points in the first half of 2025 and an average price of RM490,376 per unit.
In addition, the government has stepped up support for first-time buyers through the Housing Credit Guarantee Scheme (SJKP), which offers guaranteed financing of up to RM500,000, particularly for B40 and M40 groups, including those without fixed income.
She said the SJKP also provides housing loans of up to 120% of the property price for first-time buyers, along with a step-up financing scheme that starts with lower monthly payments which gradually increase as the borrower’s income grows.
–Bernama
-TheStar
