Parliament: KPKT to Handle Sale of Houses Under Bumiputera Quota

Posted on: 2015-11-05


KUALA LUMPUR, Nov 4 (Bernama) -- The Housing and Local Government Ministry (KPKT) will consult with state governments and developers to allow the Ministry to sell unsold Bumiputera units, the Dewan Rakyat was told Wednesday.


Its minister, Datuk Abdul Rahman Dahlan said this was to ensure that units allocated under the Bumiputera quota were not sold in the open market.

"Upon expiry of the holding period set by the state government, the developers should allow three months cooling period, for the ministry to sell the bumiputera units before releasing them to the open market.

"This will give the ministry an opportunity to seek for qualified buyers and the houses may be sold to them at the original offer price," he said in the winding up debate on the Supply Bill 2016 in the Dewan Rakyat, here.

Abdul Rahman said he had received complaints from developers that the bumiputera units were difficult to sell, and at the same time buyers were complaining that the bumiputera units were often sold out.

Share:

Source From: bernama.com

Other News & Articles


Stamp Duty 2019

When is it the right time to buy a property? Old timers would say 20 years ago, investors would say that it was yesterday....

Posted on: 2019-06-14

High-End Properties Sold At Auction

A recently-held property auction by Ng Chan Mau & Co Sdn Bhd (NCM&Co) saw several condominium units with reserve prices of RM1 million and above getting sold....

Posted on: 2019-06-14

New Task Force To Inspect Ageing Strata-Titled Buildings

To ensure the safety of occupants of ageing buildings, a new task force will be created to conduct checks and audits on strata-titled buildings over 30 years old....

Posted on: 2019-06-14