THE Government has put in place for the first time legal, financial and tax support for the residential property sector to benefit buyers-to-be, owners and developers in addition to a RM2.2bil allocation to build more affordable housing under different housing programmes.
It has also proposed to formulate the Residential Rental Act to protect the landlord and tenant, a move which underscores its intention to promote the rental market. This is another first for the property sector.
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