Latest news with #housingMinistry
Reuters
6 days ago
- Business
- Reuters
Loans issued from China's housing provident fund slow in 2024: report
BEIJING, June 5 (Reuters) - China issued more than 1.3 trillion yuan ($181 billion) in 2024 under the country's housing provident fund programme for individual mortgage loans, down 11.4% from the previous year, according to Reuters's calculations based on government reports. Last year, China issued over 2.3 million individual mortgage loans compared with almost 2.9 million in 2023, according to annual reports jointly issued by the Chinese finance ministry, housing ministry and the central bank. Contributions to the fund stood at 3.63 trillion yuan in 2024, marking an increase of 4.67% over the previous year, the annual report for 2024 issued on Thursday showed. ($1 = 7.1816 Chinese yuan)
Free Malaysia Today
08-05-2025
- Politics
- Free Malaysia Today
Govt to give MPs tour to highlight importance of Urban Renewal Act
The housing and local government ministry wants both government and opposition MPs to see firsthand the dilapidated and neglected conditions of several low-cost flats. KUALA LUMPUR : The housing and local government ministry will be hosting a special study tour here on Tuesday to provide MPs with insights into the importance of the Urban Renewal Act (URA). This was revealed by its minister Nga Kor Ming, who said official invitations were sent to all MPs, whether government or opposition, earlier this month to participate in the programme. 'I would like to invite all MPs, including opposition lawmakers, to join the ministry in visiting dilapidated urban areas and study the success of urban renewal projects that have been implemented,' he said in a statement today. Nga said the tour will include visits to several deteriorating flats to assess their current condition and identify local issues faced by residents. MPs will also have the opportunity to witness successful urban renewal projects, where old flats have been redeveloped into modern, comfortable and liveable residential areas, he added. Nga, who is also Teluk Intan MP, said through this initiative, the ministry aims to highlight the potential of the URA in accelerating the renewal of unsafe areas and improving the quality of life for urban residents. 'We have arranged three buses from Parliament to take all MPs to see firsthand the dilapidated and neglected conditions of several low-cost flats that urgently need attention,' he said, emphasising that the tour aims to underline the urgent need for the drafting of the bill. The URA, which has been in the works since 2013, is expected to be tabled at the next Parliament meeting in June. It aims to enhance the quality of life for the people by expediting the process of urban renewal and conservation through the lowering of the threshold of consent from residents, particularly for buildings that are no longer safe to live in.
