KUALA LUMPUR — Feb. 8, 2018: The Khazanah Research Institute (KRI) has suggested that the government conduct a national housing survey to help produce measures for a steady supply of homes at affordable prices.
The survey would provide guidance to the federal and state governments and local authorities to plan housing programmes based on effective demand and land suitability.
“On supply-side analysis, a land suitability assessment should be done including the current land-use patterns and zones,” said the institute’s research director Dr. Suraya Ismail at a forum in conjuction with World Urban Forum 9 (WUF9) here today.
She pointed out that while currently there is data available to undertake a supply-side housing land and suitability model, there are limitations on the demand side.
“Both sets of demand and supply conditions could then be analysed to determine the need and policy appropriate at each state and district level.
“Among the possible outputs of the survey are population forecasts, housing demand range, migration patterns, household size by housing type, social housing against social economic variables, and land suitability for different housing types,” she said.
Suraya suggested that the survey be best undertaken by the Federal Town and Country Planning Department and the National Housing Department.
“The information collected through the survey will also provide the public with the requisite knowledge to make better house-buying decisions.
“As housing consumes a significant proportion of their household incomes, the public needs to be able to plan for the purchase and to choose between different types of houses at different prices, which in turn will lead to better financial planning on their part as well,” she said. — Bernama