RISM president Datuk Thiruselvam Arumugam said developers have been making money during the good times and the development charges should not be a burden to them.
PETALING JAYA: Special focus should be targeted at reducing the current stock of unsold completed units, instead of encouraging new developments with a 50% discount in development charges for developers, say real estate associations.
The Royal Institute of Surveyors Malaysia (RISM) and the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) were commenting on Federal Territories Minister Tan Sri Annuar Musa’s remarks on the 50% discount in development charges for the property and construction sector to spur developments hampered by the Covid-19 pandemic.
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