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Wednesday, August 13, 2008

Budget 2009 goodies for developers?

BOLTON Bhd hopes the upcoming Budget 2009 will offer goodies to property developers to cushion the "tough times" they are facing, as well as to boost the local property market.

"As a developer, we hope to see the construction cost to come down further, like stamp duty for example. But we also understand that the government needs a diverse range of income and government is running (a) budget deficit this point in time," said chairman Datuk Azman Yahya.

Developers also hope the government would relax the requirement to set aside a portion of their properties for Bumiputera buyers.

Unsold Bumiputera units should also be released faster for other buyers, he added.

By New Straits Times

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