KUALA LUMPUR, Nov 12 (Bernama) -- The Ministry of Housing and Local Government (KPKT) is developing an integrated housing data repository under the 13th Malaysia Plan to tackle unsold completed residential units and avoid additional compliance costs for developers.
KPKT Developing Housing Data Repository To Tackle Unsold Units, Curb Developer Costs
Parliament, Dewan Rakyat, KPKT, Aiman Athirah Sabu
BE Bernama 
Key takeaways
The Ministry of Housing and Local Government is creating an integrated housing data repository under the 13th Malaysia Plan to centralise information on supply, demand, affordability and unsold residential units, aiming to reduce compliance costs for developers.
- The repository will consolidate data on housing supply, demand, prices, income and unsold stock by locality.
- It seeks to avoid separate market studies for each developer, lowering costs especially for small and medium firms.
- In the second quarter of this year, completed but unsold units rose 8.6% to 33,094 units valued at RM17.8 billion.
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