The cost of supply of homes can be further reduced with the adoption of the Industrialised Building System (IBS) for affordable housing programmes. In Malaysia, a housing loan interest relief of RM10,000 per annum for three years was introduced in 2010 for sale and purchase agreements executed from March 10, 2009 to Dec 31 2010. The Developer Interest Bearing Scheme (DIBS) was removed in Budget 2014 to manage the escalating real property prices in Malaysia. Such scheme can be considered by other affordable housing programmes launched by the public and private sectors. It was said that such a move would only be allowed for those who are first-time buyers of affordable homes.

Source: The Star October 10, 2016 22:18 UTC