PETALING JAYA (Sept 28): Mah Sing Group Bhd lauded the newly tabled 12th Malaysia Plan (12MP) and anticipated the five-year development roadmap will revitalise its economy post-pandemic, ensure a fair and equitable distribution of the country’s prosperity as well as preserving the environmental sustainability.

In a media statement today, Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum said the 12th Malaysia Plan emphasises on social welfare and protection of Malaysians as well as strengthening economic growth.

“This creates a conducive environment for the Rakyat and local businesses to build a strong foundation for the next five years as the nation works towards ensuring sustainable and inclusive economic development for all Malaysians. 

For the property industry, the private sector can also echo the government’s initiative to offer more affordable homes for the B40 and M40, by playing our part to provide affordable homes in strategic locations with innovative layout which is appealing to the mass market,” he added.

Themed "A Prosperous, Inclusive, Sustainable Malaysia", the 12MP outlines the strategic direction and key initiatives for the country. It also displays the government’s commitment to provide quality and affordable housing for the Malaysian, especially the B40 and M40 groups, which will see another 500,000 units of affordable homes to be built during the duration of 12MP.

The government will also be enhancing the financing facilities such as the Fund for Affordable Housing, Youth Housing Scheme and Rent-to-Own Program to ensure that the B40 and M40 groups are not burdened with instalment payments.

Meanwhile, Leong said the high vaccination rate and the opening of sales galleries has provided a much-needed impetus to the property industry.

"There is clear market interest in our projects and the company observed that there is a significant increase in footfall to their sales galleries. Having said that, all our sales galleries implement stringent SOPs adhering to the government’s guidelines. As we equip our sales galleries with a 100% vaccinated workforce, we are committed to provide a safe environment for our customers, especially when we assist them in embarking on their exciting homeownership journey.” added Leong.

Leong noted that as the country progresses rapidly towards achieving a 90% vaccination rate among the adult population, Malaysia’s economic recovery momentum is accelerating. 

“We hope the government will provide additional catalysts to the industry and incentives for home buyers by introducing more property friendly measures in the upcoming Budget 2022. We also hope that the country’s borders will open up soon, with suitable guidelines to enable cross border economic activities to resume, emulating other countries which have successfully re-opened for foreigners. 

This will increase the competitiveness of our country among the region and regain the foreigners' interest towards our properties again, contributing to the revitalisation of the overall economy,” he added.

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