70,000 unsold, unoccupied or abandoned houses in JB

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More than 70,000 houses in Johor Bahru are vacant, for being unsold, unoccupied or abandoned, says menteri besar Hasni Mohammad.

He said among the factors contributing to the problem were new policies on home ownership and new conditions set in the Malaysia My Second Home (MM2H) programme for foreigners on long-term residential visas.

He said the state government was working with real estate companies on introducing a housing rent programme for the younger generation.

“We will discuss and cooperate with real estate agents who have the record of completed and unsold houses, the types of units and appropriate rent,” he said.

He said the problem of the vacant houses must be resolved for Johor Bahru to become a dynamic city.

Hasni said the state’s 2022 budget would be tabled on Nov 25 and would focus on the B40 (lower income) and M40 (middle income) groups as well as young people who had difficulty in finding jobs.

He said an expansionary approach needed to be adopted to rehabilitate economic sectors severely affected by the Covid-19 pandemic.

The budget would also seek ways to help those doing online businesses at home, he added.

“Many are interested in starting an online business to supplement their income in the wake of the Covid-19 pandemic. The economy has not fully recovered so the government needs to help,” he said. – Bernama

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