The Star reported "Reduction for bumiputras buying high-end properties under review" in their news portal today.
"Bumiputras in Selangor may not be given the 5% discount for high-end properties as the state government feels that the rich do not need the reduction."
Personally, I think this 5% discount policy for bumiputras' house buyers need a detailed studies by all parties in Malaysia and not only in Selangor. If the proposed policy is properly drafted and approved, it will be good for the lower income bumiputras to have a chance to buy their own home, and the property developers will be required to build more affordable properties for Malaysians.
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