Scrap property discounts for rich bumis, says Bursa chairman


PUTRAJAYA: Discounts for rich bumiputra to buy luxury homes should be scrapped in the new economic agenda to empower the community in favour of policies that are aimed at those who earn low incomes.

"Property discounts for bumiputra buyers who want to buy a RM2mil ringgit bungalow are not suitable," says Tan Sri Abdul Wahid Omar, who presented the findings of a cluster on wealth creation at the Bumiputra Economic Congress 2024.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Former supermarket worker's jail term for causing child's death increased to 20 years
Treat all religions with respect, Sabah Umno's Salleh reminds Noorazli
Malaysia Day exhibition expanded to digital platforms, promotes MA63 as national narrative
Vietnamese couple nabbed in Ampang for offering illegal immigration services
Former Sabah CM tells businesses to leverage easing of US travel advisory
Negri royal row: Signing document to depose Ruler an act of treason, says DKU
Stop open burning to curb risk of wildfires amid dry spell, Sabahans told
Stronger ties forged following nine-nation aid mission in Sabah
Loke to urge PM to convene Pakatan presidential council meeting over political stability concerns
Umno leader must apologise for vulgar joke involving Catholic priest, says Tuaran MP

Others Also Read