Weekly Industry News

Bumi lots’ levy urged to be waived

Weekly Industry News

A MECHANISM that would ease the release of Bumiputera lots in the property market is more pertinent to boost interest among buyers, apart from all the incentives that were recently announced by the government.

CBRE Group Inc and CH Williams Talhar & Wong Sdn Bhd MD Foo Gee Jen said the short-term recovery stimulus measures announced last Friday may not boost the residential property market as many potential buyers remain cautious with the spending.

“Everyone is buying needs only, big ticket items like property would probably be the last thing on everyone’s mind, so the exemption does not make any difference to help developers or the overhang situation.

Media Title: The Malaysian Reserve

Date: 10 Jun 2020

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