Rehda: Housing allocation in Budget 2024 shows govt's effort to ensure B40 included

KUALA LUMPUR: The various allocations set in Budget 2024 for the Bottom 40 income group (B40) speaks volumes of the government’s efforts to ensure tha...

: The various allocations set in Budget 2024 for the Bottom 40 income group speaks volumes of the government’s efforts to ensure that no one is left behind when it comes to housing.

It viewed with cautious optimism the announcement to reduce the majority consent for en-bloc sale from 100 per cent to a level consistent with Singapore’s, which stands at 80-90 per cent. It also looked forward to more information on loosening the requirements for the Malaysia My Second Home programme and hoped that it would be included in engagements and discussions pertaining to MM2H.

Meanwhile, Mah Sing Group Bhd's founder and group managing director Tan Sri Leong Hoy Kum said the government's urban rejuvenation initiatives which aim to streamline and expedite the redevelopment of ageing sites would encourage urban renewal and the redevelopment of old buildings in the city and is positive for developers who are actively looking for land for development.

It appeals to the government to provide more assistance for the construction industry to revive and sustain the construction sector.

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theSundaily /  🏆 25. in MY

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