Weekly Industry News

PEPS: Other ways to resolve the oversupply problem

Weekly Industry News

The National Home Ownership Campaign 2019 (HOC) could be one good way to help tackle the overhang situation in the current residential property market but the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong opines that the initiative should extend to the secondary market to resolve the problem in a more effective way.

“Genuine homebuyers could take advantage of the HOC and benefit from the substantial savings from the discounts by developers and the stamp duty waiver while developers could take the opportunity to offload some of their existing unsold stock.

Media Title: The Edge Financial Daily

Date: 10 May 2019

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