THE commercial property sector and the real estate investment trusts (REITs) appeared to be the biggest winners from the Budget, which has proposed the setting up of a bumiputera property trust foundation, Yayasan Amanah Hartanah Bumiputera, as well as tax incentives for REITs.
The foundation, Yayasan Amanah Hartanah Bumiputera, would have an initial capital of RM2bil to purchase commercial properties, especially in major towns.
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