Housing Integrated Data System to Be Ready Next Year
The Housing Integrated Data System (HIDS) being developed by the Housing and Local Government Ministry (KPKT) is now 50 per cent complete and expected to be ready next year.
The HIDS is being developed for a thorough collection and analysis of housing data through big data from the federal and state governments as well as government and private agencies and non-governmental organisations (NGOs).
KPKT is collecting this information to plan and build a system that can be utilised by the ministry and developers to plan the construction site of housing areas at a more affordable price.
As for the targeted housing loan scheme, especially for the B40 and M40 groups, the matter will be implemented under the 12th Malaysia Plan (12MP).
The soon-to-be-introduced scheme will provide guidelines that will make it easier for banks to approve housing loans thus enabling buyers from the B40 and M40 groups to own a house.
Separately, to date, about 33,000 young people from the B40 group own their first home through the My First Home Scheme introduced by Cagamas SRP Bhd.