PETALING JAYA: Several “drastic measures” in Budget 2014 to increase home ownership may have a detrimental effect on first-time buyers as well as foreign investors, said the Real Estate and Housing Developers Association (Rehda).
Its president Datuk Seri Michael KC Yam said the removal of the developer interest-bearing scheme (DIBS) would put pressure on genuine buyers, including first-time, as well as Bumiputra buyers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
