HBA: Do not neglect the hidden risks while encouraging homeownership

TheEdge Sat, Oct 12, 2019 01:30am - 4 years View Original


PETALING JAYA (Oct 11): The National House Buyers Association (HBA) has praised the government’s efforts in its proposed Budget 2020 to help homebuyers to own a property but at the same time urged the government to review certain measures that might pose hidden risks to the property market.

HBA honorary secretary-general Datuk Chang Kim Loong said the proposal to lower the threshold for foreign ownership of condominiums and apartments to RM600,000, from RM1 million, to solve the overhang problem may invite the risk of developers to ignore building affordable homes and focus on building luxury properties priced above RM600,000 targeting foreign buyers. — EdgeProp.my

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