Housing sector

KPKT performs Big Data Analytics to get a true picture of the housing industry

Ismail said this study aims to help address unsold properties and uncover a clearer and more accurate housing market position for the development of a sustainable and efficient real estate sector. – Bernama archive photo

KUALA LUMPUR (October 25): The Ministry of Housing and Local Government (KPKT) is conducting the Big Data Analytics (BDA) study on housing last February to get a true picture of location and availability data related to the housing sector in Malaysia.

His Deputy Minister Datuk Seri Ismail Abdul Muttalib said the study, which is expected to be completed in May 2022, will determine the development direction of the BDA system which includes the necessary data, technology, processes, skills and costs. to develop the system.

“This study aims to help address unsold properties and determine a clearer and more accurate housing market position for the development of a sustainable and efficient real estate sector,” he said during the Q&A- answers to Dewan Negara here. today.

He was responding to a question from Senator Datuk Koh Nai Kwong whether the ministry would establish a database to monitor home ownership to ensure that the government’s goal for people to own a home is achieved.

Ismail said early findings from the study revealed that housing supply and demand data was available across various state agencies and departments.

As such, he said there was a need to have a data repository system in place to enable industry stakeholders to use the same data when providing input or feedback, such as supply and demand and the ability to own a home.

In addition, Ismail said the ministry is also developing the Integrated Housing Management System (HIMS) which will allow developers to refer to the Housing Development (Control and Licensing) Act 1966 (Act 118 ) and other related regulations on a single Platform.

He added that the HIMS will be a mechanism for collecting housing data for the purpose of managing, monitoring and reporting homeownership.

“The development of this HIMS application is in the final stages of testing and is expected to be fully operational in the second quarter of 2022. This system will also be one of the components of the BDA system,” he said. – Bernama