Propping up property: (from left) Khor, Leong and Siders are hopeful that the upcoming budget will contain measures that will help ease the challenges faced by the real estate sector.
PETALING JAYA: Relaxed lending guidelines, continued incentives under the Home Ownership Campaign (HOC), reduced compliance cost and the termination of the real property gains tax (RPGT) are on the budget wish list of property developers and consultants, who hope that such measures will help stimulate the industry and reduce the property overhang.
Mah Sing Group Bhd
founder and group managing director Tan Sri Leong Hoy Kum said housing loan eligibility has been one of the main challenges in the property market over the past few years.
