GEORGE TOWN: The purchase of properties such as residential ones have been deemed as "good debts" compared to debts on vehicle purchases, credit cards and personal loans. "History," he noted, "tells us that house prices will double every seven years. "These have created a direct impact on the industry, which in turn resulted in the escalation of house prices," he added. "We had hoped that some incentives would be announced during the Budget to help at least the first time house buyers, and the industry as a whole. "Instead, most of the incentives are mostly focused on buyers of Perumahan Rakyat 1Malaysia (PR1MA) housing and developers which are government-linked companies," he said.

Source: New Strait Times October 24, 2016 14:15 UTC