No more 10 pct Bumi discount on certain property types, says Selangor government

Posted on: 2016-09-01


KUALA LUMPUR: The 10 per cent Bumiputera discount on properties will no longer be available for certain types of properties in Selangor. 

This was the decision made by the Pakatan-led Selangor government, which stated that the discounts would no longer be applicable for the purchase of serviced apartments, Soho (small office home office) and Sovo (small office versatile office) in the state. 

According to a report in Chinese daily Nanyang Siang Pau today, Selangor Investment Committee chairman for Industry and Commerce, Small and Medium Enterprises and Transportation Teng Chang Kim said the measures are part of the state government’s implementation of new guidelines for housing development. 

The daily said the guidelines would come into effect on Sept 1. 

Teng was quoted as saying that the Selangor government would from now on determine the prices of the three types of properties. 

He however said the 30 per cent Bumiputera equity condition for property ownership would be kept. 

Teng said that under the state's affordable housing guidelines, a serviced apartment can be priced a maximum of RM270,000. 

As for Soho and Sovo types, these can be sold for a maximum of RM230,000 a unit. 

"The ownership of these properties is open to all, regardless of their race,” he was quoted as saying. 

Teng added that applicants' household income requirements have also been revised to RM15,000 a month. 

It was previously RM8,000 a month. 

He said priority would be given to those with household income of less than RM10,000. 

More details, said Teng, would be announced on Sept 1.




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Source From: NST

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