What policy changes are planned for Act 118 to help housing projects?

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Policy Enhancements Planned for Act 118 to Support Housing Projects

The Housing and Local Government Ministry (KPKT) intends to introduce amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118). These changes are specifically designed to bolster the monitoring of housing projects deemed high-risk or "sick," and to implement early intervention strategies. The overarching goal is to ensure that housing developments proceed according to schedule and to mitigate the financial burden on home buyers.
Strengthening Monitoring of High-Risk and Sick Projects

Improvements to Act 118 will focus on enhancing the ministry's capacity to monitor housing projects that are identified as high-risk or have become "sick." This enhanced oversight aims to proactively identify potential issues before they escalate, thereby safeguarding the interests of purchasers and ensuring project continuity.
Implementing Early Intervention Measures

A key component of the planned policy changes involves the introduction of early intervention measures. These actions are intended to be implemented as soon as potential problems arise in a housing project. The objective is to facilitate the timely resolution of issues, thereby preventing delays and ensuring that projects remain on track towards completion without imposing undue financial strain on buyers.
Encouraging Cost-Efficient Construction Technologies

Beyond amendments to Act 118, the ministry also plans to encourage the adoption of more productive and cost-efficient construction technologies. This includes promoting the use of systems such as the Industrialised Building System (IBS) and Building Information Modelling (BIM). The aim is to reduce reliance on manual labour and improve overall efficiency in the long term, which can help manage construction costs.
Supporting Affordable Housing Initiatives

The ministry is also looking at measures to control construction material costs, such as the Rahmah Cement Scheme, which offers cement at reduced prices. Furthermore, various home ownership initiatives, including the Skim Jaminan Kredit Perumahan (SJKP) and Rent-to-Own (RTO) programmes, will be strengthened. These efforts are geared towards assisting lower- and middle-income groups in acquiring homes amidst rising living expenses.

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What policy changes are planned for Act 118 to help housing projects?

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