PETALING JAYA: Describing the proposals for the property sector as “apt, correct and measured”, property professionals said Budget 2014 will curb excessive speculation and help to solve affordability issues besetting the housing market.
In a post-budget commentary on Saturday, James Wong, the publicity chairman of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS), said the proposals, along with macro-prudential measures taken by Bank Negara, would stabilise and strengthen the market.