Rehda: Plan to reduce time for development approvals welcomed

Rehda Malaysia president Datuk NK Tong

KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia has welcomed Prime Minister Datuk Seri Anwar Ibrahim’s plan to reduce the time needed by local authorities to grant development approvals.

Its president Datuk NK Tong said this would help to reduce developers’ holding costs and enable them to pass on savings to property buyers.