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Wednesday, March 11, 2009

Rehda says high-impact measures lacking

The Real Estate and Housing Developers’ Association Malaysia (Rehda) said the second stimulus package lacks high-impact measures to stimulate the property sector on a wider scale immediately.

“Rehda was hoping for a comprehensive Home Ownership package, including stamp duty waivers and other measures to generate demand for houses,” its president Datuk Ng Seing Liong said.

However, it hailed measures like the additional RM200 million to build Rumah Mesra Rakyat by Syarikat Perumahan Negara Bhd, saying it will help ease the private sector’s burden of cross-subsidising low-cost housing.

By Business Times

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