Former president Datuk Ng Seing Liong said Rehda had proposed to the government to lower the Goods and Services Tax on building and construction materials by at least by half.

“We want to provide a platform for bumiputeras who are looking to own a home. Here, they will find the bumi units that are offered by developers.”

The success of architectural works lies not by following trends but in focusing on the welfare of society.

"I think 35 years is more than sufficient — it's palatable. If we were to stretch it, it might be a strain on the borrower."

As controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem?

"Through Rehda (Real Estate and Housing Developers' Association Malaysia), developers have expressed their hope on this to the government."

Minister Tan Sri Noh Omar said the ministry was instructed by the cabinet to review and improve the scheme, given that it already exists under the Moneylenders Act 1951.

The average margin of financing given currently ranges from 75% to 80%.

“Again and again, end financing is the issue for homebuyers today.”

Real Estate Housing Developers’ Association president Datuk Seri Fateh Iskandar Mohamed Mansor noted that developers are adapting to the current market demand by homebuyers and have launched properties which are more sought after in this challenging market.