PETALING JAYA: There are measures that the Government can implement such as waiving stamp duty for first home scheme and certain income tax for developers from that portfolio, says Malaysia Building Society Bhd (MBSB) president and chief executive officer Datuk Ahmad Zaini Othman.
“First-time house buyers are an important area and the Government should look at how to encourage first-time houseowners.
“How you encourage developers to provide a certain portion of the scheme to be affordable for first-time houseowners is also important,” he said after launching MBSB Cheeky Savings Club’s “Over the Top”, a reality TV programme for children.
MBSB Cheeky Savings Club, launched in April 2011, aims to increase its account holders to 50,000 in one year from close to 20,000 to-date.
By Bernama
Wednesday, September 5, 2012
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