Budget 2008 : Measures benefit many people, says Rehda

Measures benefit many people, says Rehda

THE many measures announced in Budget 2008 are meaningful benefits for a large majority of Malaysians, the Real Estate and Housing Developers Association (Rehda) said.

Its president Ng Seing Liong also lauded the initiative to set up a fund to provide guarantees to banks to help those without a fixed income to buy houses.

He said Rehda was hopeful

that Syarikat Perumahan Negara Berhad would play a more pro-active role.

“Without the added burden of cross-subsidising low-cost housing, the private sector may now be able to focus more on delivery of other categories of houses at more competitive prices,” he said.

The Master Builders Association of Malaysia (MBAM) said the reduction of stamp duty of 50% for properties below RM250,000 was a positive move and would be favourably accepted by the people.

“The decision to allow withdrawal from the EPF’s second account to pay for housing loans will also help to spur the construction and property industry,” said MBAM president Patrick Wong.

House Buyers Association (HBA) vice-president Brig-Gen (R) Datuk Goh Seng Toh said the goodies announced under Budget 2008 for housebuyers were “good and caring.”

He, however, warned of “hidden dangers” such as EPF contributors paying with their savings for uncompleted houses.

On the 50% stamp duty reduction on transfers for the purchase of one house that was not more than RM250,000, Goh said the HBA was happy with any small benefit.


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