KUALA LUMPUR: The doing away of Developer Interest Bearing Scheme (DIBS) for properties will help curb speculation, said MCA Young Professionals Bureau chief Datuk Chua Tee Yong.
Chua said developers offering DIBS had actually marked prices up by about 5% to cover the interest they paid when the properties were under construction.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
