JOHOR BARU: The Malaysian Institute of Estate Agents (MIEA) Johor branch is hoping several incentives will be introduced to deal with the flat property market in Johor.
Its chairman Liew Toh Sen said that some of the initiatives include reducing incidental costs as well as providing freebies to attract homebuyers.
“It is not that investors don’t have the money to buy property. Rather it is a case of them not willing to take the risk as they are unsure about the economic outlook,” he said during the MIEA Fellowship night.
It was attended by about 80 real estate agents as well as guests from the Iskandar Regional Development Authority (IRDA) and Royal Institution of Surveyors Malaysia (RISM), among others.
The event was held at the Johor Cultural and Sports Club.
Liew said that they had proposed several incentive schemes to developers to entice people to buy, especially first-time homebuyers.
“Some of the freebies include providing kitchen cabinets, built-ins as well as furniture like sofas and dining tables,” he said.
Liew added that the MIEA Johor branch is also hoping for a reduction in incidental costs, including for sale and purchase agreements as well as loan documents.
“We are optimistic that the market will improve soon,” he said, adding that many are placing their hopes on Iskandar Malaysia.