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

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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.

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