PETALING JAYA: Property developer Mah Sing Group has applauded the Government’s initiatives to encourage home ownership, especially among first time home buyers. “The Government can consider revising the percentage of funds in Employees Provident Fund (EPF) Account One and Two. The connection charges posed by utility firms should be reasonably charged and not based on prices of properties. Lastly, Mah Sing also believed that housing supply shortage issues could be mitigated if the Government systemically release Government-owned lands for joint ventures with private developers at reasonable prices to build affordable homes. “Careful planning and implementation of Government development projects and close monitoring of demand and supply situation, will ensure sustainability in supply relative to demand,” said Mah Sing.

Source: The Star September 20, 2016 00:33 UTC