Government to focus on home ownership for B40 and M40 | Malaysian Institute of Estate Agents

Government to focus on home ownership for B40 and M40

2020-09-10

KUALA LUMPUR (Sept 10): While reiterating that no vacancy tax will be imposed, Minister of Housing and Local Government (KPKT) Zuraida Kamaruddin stressed that the government's priority will be to encourage home ownership among the B40 and M40 groups.

She said the ministry has tapped various housing schemes to achieve the objective while mulling an extension of the Home Ownership Campaign (HOC) beyond May 2021 if necessary to help the homeowners buy a property.

“Our main priority is to make home ownership more accessible to the B40 and M40 income groups. There is no urgency for this [vacancy tax]. We are reviewing it and it is not our priority currently. Let the developers manage it,” she told the media after officiating the launch of the Digital Skim Rumah Pertamaku (SRP) by Cagamas Bhd.

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