How will MyCC be strengthened to monitor housing prices?

Question

Accepted Answer

MyCC Enforcement to Monitor Housing Prices to be Strengthened

Datuk Seri Ismail Abd. Muttalib, representing PN-Maran, will question the Domestic Trade and Cost of Living Minister regarding the ministry's strategies to bolster the Malaysia Competition Commission (MyCC) in overseeing housing price offers and packages. The inquiry will also seek clarification on the efficacy of investigations into alleged anti-competitive behaviours within the property market, such as potential price-fixing or market manipulation.
Measures to Enhance MyCC's Role in Housing Market Oversight

The parliamentary question will specifically address the actions being taken to fortify the MyCC's capacity to monitor housing price advertisements and bundled offers. This includes understanding the mechanisms in place to ensure fair competition among developers and sellers.
Effectiveness of Investigations into Anti-Competitive Practices

A key aspect of the inquiry will be to ascertain how effectively the MyCC conducts its investigations into practices that stifle competition in the housing sector. This pertains to identifying and addressing any instances of collusion or manipulation that could artificially inflate property prices.
Addressing Potential Price-Fixing and Market Manipulation

The question aims to gain insight into the procedures and investigative frameworks employed to scrutinise allegations of price-fixing or market manipulation within the housing industry. This seeks to ensure transparency and prevent unfair advantages in the property market.

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How will MyCC be strengthened to monitor housing prices?

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