Rehda lauds proposal to cut approval time

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

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 N.K. Tong said this would help to reduce developers’ holding costs and enable them to pass on savings to property buyers.