Property
Out with the old, in with the new
V Sanjugtha | 22 Jun 2018 00:30
The creation of a unified body to oversee the various agencies mandated to provide homes that fit the rakyat’s pocket will now come to fruition.

With demand for cheaper homes unmet, the industry waits with bated breath for clues to reforms that will help bring down home prices to meet the rakyat’s needs.

It is believed the amalgamation of the many fragmented units tasked to provide affordable homes will see the creation of either an agency directly under the Ministry of Housing and Local Government (MHLG) or the National Housing Department (NHD).

A source close to the deal explains to FocusM that there will be less bureaucracy with the new entity as it will absorb the various fragmented organisations and their programmes.

Alternatively, there is a high possibility that each organisation will continue to function as separate entities with the ministry setting administrative and operational directions to streamline activities.

“Frankly, this method may not be as effective. Results will be faster and more efficient if the existing organisations are merged to create a single unit under the ministry,” he observes.

Download and read the latest issue of Focus Malaysia here:
Snippets
Two in three Malaysians use cashless payment

63% of Malaysians use debit cards, while 57% use online banking to make payments


BMW Group M'sia Delivers 14,338 Vehicles in 2018

Premium automaker achieved 13% growth across all business units to be the fastest growing brand in the premium segment.