PETALING JAYA: Property developers can expect better earnings in the second half of the year, thanks to the normalisation of construction jobs, policy easing measures and a low interest rate environment.
Maybank Investment Bank Research (Maybank IB), in a report yesterday, said further policy easing measures, such as a new developer interest bearing scheme (DIBS) could be announced in Budget 2021 in November.
“Under DIBS, developers will be allowed to pay the interest on a property buyer’s home loan during the entire construction period. This would help to lift buying sentiment and encourage demand by making the upfront cost lower or more affordable.
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