Build Special Housing For Elderly In Kuala Lumpur, KPKT To Complete 20 Abandoned Housing Projects Next Year And, More
15th November – 20th November
The Kuala Lumpur Structure Plan 2040 (KLSP2040) showed that there is a need to build special housing for the elderly in Kuala Lumpur.
Meanwhile, the Local Government and Housing Ministry (KPKT) targets to complete 20 abandoned housing projects in the coming year, of which 16 are in Terengganu, Selangor, Kelantan, Negeri Sembilan and Perak.
1. Build special housing for elderly in Kuala Lumpur
The Kuala Lumpur Structure Plan 2040 (KLSP2040) showed that there is a need to build special housing for the elderly in Kuala Lumpur.
This comes as the federal capital is projected to become an ageing city by 2040. KLSP2040 expects the city’s elderly population to hit 17.3% by 2040, up from 9.2% in 2025, reported Bernama.
The plan suggested building homes specifically designed for the elderly, which include retirement residences for independent living, for those with medical assistance and nursing homes.
To be sold, leased or rented to the elderly, the homes should be built either within residential or commercial zoned areas, depending on suitability.
KLSP2040 urged Kuala Lumpur City Hall (DBKL) to provide comprehensive guidelines for the planning and construction of elderly nursing homes in line with the directives of relevant agencies to ensure the well-being of the elderly.
The plan also underscored the importance of addressing the housing needs of persons with disabilities (PwDs).
It suggested allowing the PwDs to rent low-cost homes or DBKL flats and providing them with easy access to facilities such as ramps and parking spaces.
There should also be a 2% quota for PwDs in suitable residential areas.
2. KPKT to complete 20 abandoned housing projects next year
The Local Government and Housing Ministry (KPKT) targets to complete 20 abandoned housing projects in the coming year, of which 16 are in Terengganu, Selangor, Kelantan, Negeri Sembilan and Perak.
KPKT Deputy Minister Akmal Nasrullah Mohd Nasir said reviving the 16 projects, which involve an allocation of RM20 million, will see 2,047 affected buyers secure the Certificate of Completion and Compliance or the Certificate of Fitness for Occupation, reported Bernama.
“If we get to complete eight abandoned projects this year, the target for next year is to complete 20 projects,” said the minister.
In the first nine months of 2023, the ministry identified 68 delayed, 476 sick and 111 abandoned projects, with a combined gross development value (GDV) of RM79.03 billion.
As of September 2023, 301 projects comprising 38,752 housing units worth RM28.88 billion have been revived since the Task Force on Private Housing and Abandoned Projects (TFST) was set up.
“Cumulatively, up to that date, KPKT has successfully revived 266 abandoned private housing projects involving 67,773 housing units and 46,229 buyers,” said Akmal Nasrullah.
3. Selangor moves to address abandoned housing
The state government of Selangor has provided local authorities with information on developers responsible for abandoned housing projects within the state and urged them to take necessary action.
Notably, there are 176 abandoned housing projects in Selangor, which involve 35,995 homes. The highest number of abandoned units are in Selayang Municipal Council (MPS) at 6,319, reported The Star.
The Klang district also has 52 abandoned projects, majority of which are under the Klang Municipal Council’s (MPK) jurisdiction.
With this, blacklisted developers due to abandonment are barred from making new applications, even as a project shareholder, said State Housing and Culture Committee Chairman Borhan Aman Shah.
He said the state has extended assistance to developers, on a case-by-case basis, to ensure their projects are completed.
Borhan made the statement in response to Datuk Seri Jamil Salleh’s (PN-Dengkil) question on the number of abandoned housing projects in Selangor and the action taken by the state government.
4. Construction sector saw value of work done rise 9.6% in Q3 2023
The construction sector saw the value of work done increase 9.6% year-on-year to RM33.4 billion in Q3 2023, marking its sixth quarterly growth, according to the Department of statistics, Malaysia.
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the momentum to a double-digit growth in the engineering sub-sector at 17.1% as well as a surge in special trade activities at 16.2%, reported The Sun.
The private sector emerged as the main driver of growth during the quarter, accounting for 58.5% or RM19.6 billion to the total value of work done. The public sector also rebounded strongly, accounting for 41.5% or RM13.9 billion, registering a 10.9% growth, following a 4.8% decline in the previous quarter.
In terms of state, Mohd Uzir said Selangor, Wilayah Persekutuan, Sarawak and Johor accounted for almost 60% of the total work done value in Q3 2023.
Selangor led the pack with construction value at RM8.1 billion, followed by Wilayah Persekutuan with RM4.3 billion, Sarawak with RM3.8 billion and Johor with RM3.5 billion.
For the first three quarters of 2023, the construction sector saw value of work done increase 9% year-on-year to RM98 billion.
5. Number of unsold homes down 5.3% in Q2 2023
The number of unsold completed homes in Malaysia declined to 26,286 units, with total value at RM18.3 billion in the second quarter of 2023, Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir told the Dewan Rakyat.
This marked a 5.3% drop in unit numbers and 0.6% decline in terms of value, reported the New Straits Times.
Responding on Datuk Suhaimi Nasir’s (BN-Libaran) question on the efforts made by the government to address excess unsold properties resulting from a mismatch in the value of properties built and people’s affordability, the minister said several measures have been undertaken.
These include implementing an Affordable Housing (Rumah Mampu Milik) index mapping that is based on the median income data by state and district.
“The data for this will be obtained from the Household Income and Basic Amenities Survey Report 2022 and takes into account the median income of the population based on locality by using the median multiple approach,” said Akmal.
He noted that the mapping will help developers and housing agencies in setting home prices at certain localities.
He also highlighted the importance of conducting a Feasibility Study to ensure home prices are aligned with people’s affordability, thereby avoiding unsold units.
6. Penang to enhance policies to boost property sector
The state government of Penang aims to enhance its policies to boost its property sector, especially in Seberang Prai, which saw more factories establishing their presence there.
State Housing and Environment Committee Chairman Datuk Seri S. Sundarajoo shared plans to raise the plot ratio for development projects within Seberang Prai to align them with those on the island, reported Bernama.
He noted that Seberang Prai has benefitted from the industrial parks as seen in the high take-up rate of housing within Batu Kawan.
With this, the Home Ownership Campaign, which is slated to end this year, will be extended.
He shared that the state is bullish of Penang’s property sector and hopes the upcoming enhancements will “push” the sector to grow further.
He made the statement at the press conference for Malaysian Secondary and Primary Property Exhibition (MASPEX).
Organised by Malaysian Institute of Estate Agents, MASPEX will feature more than 3,000 properties valued at over RM2 billion.
Around 70% are sub-sale properties, and the rest are new projects, with prices ranging between RM250,000 and over RM1 million.
