Weekly Industry News

Extend Home Ownership Campaign incentives to secondary market — MIEA

Weekly Industry News

The Malaysian Institute of Estate Agents (MIEA) has called on the government to extend the incentives offered to first-time buyers under the ongoing National Home Ownership Campaign to the secondary property market. The six-month campaign is scheduled to end on June 30.

In a statement yesterday, the MIEA pointed out the secondary residential property market makes up about 80% of all residential property transactions locally.

“The MIEA is very appreciative that the ministry of finance has introduced new programmes to stimulate the primary market by focusing on first-time homebuyers,” it said. “However, it is critical that we should not close the door to first-time property buyers by limiting incentives to only properties offered by developers.”

The MIEA said there are more varieties of homes at affordable prices for first-time homebuyers in the secondary property market.

MediaTitle: The Edge Financial Daily

Date: 05 Mar 2019

Photo Credit

We take processes apart, rethink, rebuild, and deliver them back working smarter than ever before.