What challenges does the new housing policy aim to resolve?

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The National Housing Policy 2026-2035 Addresses Multiple Housing Sector Challenges

The new National Housing Policy 2026-2035 (DRN 2026-2035) is designed to tackle a range of persistent issues within Malaysia's housing sector. These include the escalating cost of living, evolving demographic landscapes, a significant imbalance between the supply of and demand for housing, a surplus of unsold properties, and the ongoing problem of delayed, substandard, or abandoned housing projects. The policy aims to create a more responsive and equitable housing market for all Malaysians.
Reducing Unsold Properties Through Data-Driven Planning

A primary objective of the DRN 2026-2035 is to significantly decrease the number of unsold homes. This will be achieved by shifting towards a more analytical approach to housing development planning. Starting in 2025, housing projects will be meticulously planned based on detailed assessments of local needs, specific geographical locations, and prevailing market demand. The utilization of big data analytics is central to this strategy, enabling a more precise understanding of what types of housing are required, in which areas, and at what price points, thus avoiding the oversupply of units that do not meet market requirements.
Expanding Affordable Home Ownership and Financing Options

The policy sets an ambitious target of providing one million affordable homes by the year 2035, employing a comprehensive, integrated, and data-driven methodology. A key component is ensuring that the prices of affordable housing are more closely aligned with the income levels of local residents and their specific needs. Furthermore, the policy seeks to adapt housing financing mechanisms to be more inclusive and better suited to contemporary employment realities, such as those found in the gig economy and among entrepreneurs. Mechanisms like the Housing Credit Guarantee Scheme (SJKP), Rent-to-Own (RTO) schemes, Shared Ownership, and Fixed Rate Mortgages (FRM) are to be leveraged to broaden access to home ownership.
Enhancing Rental Market Regulation and Construction Technologies

To foster a more balanced and equitable rental market, the policy proposes the introduction of a Residential Tenancy Act. This legislation aims to establish a clear regulatory framework, promoting fairer relationships between tenants and landlords. Concurrently, the DRN 2026-2035 champions the adoption of modern construction technologies, including artificial intelligence, big data analytics, Building Information Modelling (BIM), Industrialised Building System (IBS), and Prefabricated Prefinished Volumetric Construction (PPVC). The integration of these technologies is expected to boost productivity, accelerate project delivery timelines, and improve the overall quality of housing construction.

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What challenges does the new housing policy aim to resolve?

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