Will affordable housing bridge Bumiputera asset ownership gap?

Question

Accepted Answer

Affordable Housing Initiatives Aim to Address Bumiputera Non-Financial Asset Ownership Gap

The government is set to increase the construction of affordable housing as a key strategy to address the disparity in non-financial asset ownership among the Bumiputera community. This initiative is a component of broader measures designed to empower the Bumiputera economy, focusing specifically on ensuring equitable access to assets such as homes, industrial premises, and commercial complexes.
Increased Affordable Housing Construction

Affordable housing development will be expanded through collaborations involving Syarikat Perumahan Rakyat 1Malaysia (PR1MA), Syarikat Perumahan Negara Berhad, and state governments across the nation. This coordinated effort aims to significantly boost the supply of housing units accessible to Bumiputera individuals and families.
Bumiputera Economic Empowerment Focus

The initiative to increase affordable housing falls under the third focus area of the newly announced Bumiputera Economic Empowerment measures. These measures, overseen by a Bumiputera Economic Council chaired by the Prime Minister, are designed to strengthen the economic standing of the Bumiputera community.
Addressing Non-Financial Asset Ownership Lag

One of the five primary strategies within the economic empowerment framework is to tackle the observed lag in Bumiputera ownership of non-financial assets. This includes real estate such as residential homes, industrial properties, and commercial complexes, highlighting a targeted approach to asset accumulation.

Reading history

Hide →

This history is cleared when the page is closed.

Will affordable housing bridge Bumiputera asset ownership gap?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends