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MP Official: Closed Units Can Ease Housing Crisis
The Deputy Chair of the Housing and Utilities Committee in the House of Representatives confirmed that millions of closed housing units represent an untapped national resource that could significantly help alleviate the housing crisis, if effectively utilized through innovative legislative and executive policies. The proposals include establishing a modern national database for these units, providing incentives to property owners to rent or sell them, and launching a unified electronic platform to display them transparently. These measures aim to increase housing supply, stabilize the market, reduce price hikes, and enhance citizens' confidence while safeguarding the rights of all parties. The proposed policies seek to turn these vacant units into an economic force that supports real estate market development and price stability.
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