Gamuda proposes levy

Gamuda Bhd group managing director Datuk Lin Yun Ling and deputy group managing director Mohammed Rashdan Mohd Yusof at the Gamuda Bhd AGM and press conference.yesterday. - AZLINA ABDULLAH/The Star

PETALING JAYA: Gamuda Bhd has proposed a levy where developers would have to pay 2% of their total revenue based on sales to the government instead of having quotas imposed on them to provide a fund benefitting the below-40 (B40) population.

Gamuda Bhd group managing director Datuk Lin Yun Ling said, “In our view, house prices are not likely to come down.”