(Kuala Lumpur, 6th) Minister of Housing and Local Government Nga Kor Ming urged all industry players not to take advantage of the current global energy crisis for profit, especially in the local building materials sector.
He said that the relevant authorities highly value this issue and will continue to monitor it while seeking the best solutions to ensure that the cost of building materials remains within controllable limits.
He emphasized that the ministry will intensify efforts through the National Housing Department to stabilize building material prices so as to ensure that the housing industry is not affected.
He made these remarks to the media on Sunday evening after attending the closing ceremony of the MADANI Malaysia People’s Plan 2026 event at the Sultan Azlan Shah Roundabout in Desa Bayu Bakti Mualim.
He pointed out that in the face of a global crisis that also affects Malaysia, all parties must respond together with a responsible attitude.
On the other hand, he explained that the ministry will also continue to strengthen the housing development agenda, including through the Housing Credit Guarantee Scheme (SJKP), which aims to benefit 100,000 first-time homebuyers this year.
He said that as of now, about 80,000 first-time homebuyers have benefited and the total government guarantee has reached RM40 billion.
Those who attended the closing ceremony included the Secretary-General of the Ministry of Housing and Local Government, Datuk Wira No Azman, among others.