Real estate technology group, Juwai IQI said the top priority for the Malaysian real estate industry in the upcoming Budget 2022 is to focus on supporting first-time homeownership.

Group co-founder and chief executive officer, Kashif Ansari said based on its recent survey, real estate agents across the country would like to see more focus on making it easier for first-time and lower-priced buyers to acquire their own home, as well as the financial security and wealth building opportunities that go along with ownership.

“The three measures that are most popular with the real estate industry are doing more to support first-time buyers, providing stamp duty relief, and reinstating the Home Ownership Campaign (HOC).

“Each of these was the top priority for 18 per cent to 19 per cent of the industry surveyed. That is nearly one out of every five agents,” said Kashif.

Furthermore, Kashif noted that the industry’s top priorities differed by state whereby in Penang, Sabah and Sarawak 27 per cent of respondents were in favour of extending the HOC.

Read more: Bernama

Source: Bernama