Budget lacks measures to revive property slowdown

Siders: ‘Right now, PR1MA housing is facing various challenges, the biggest being the scarcity of land.’

PETALING JAYA: Despite the measures tabled, Budget 2017 has “missed out” on the opportunity to revive the slowdown in the property market, according to various property consultants.

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said while it is noteworthy of the government to say it will release land at its disposal for affordable housing, the land should be quickly identified and allocated for affordable housing.