This follows Rehda’s proposal to the government to reintroduce the Developer Interest-Bearing Scheme (DIBS) for first-time house buyers.

Minister in the Prime Minister’s department Datuk Sri Abdul Wahid Omar said the Real Estate and Housing Developers' Association has submitted their requests and now they are in discussion with the government

Mixed reactions from the two bodies

State housing executive councillor Jagdeep Singh Deo said the cheaper the house, the higher the rejection rate for buyers seeking bank loans to purchase the unit.

Datuk Seri Fateh Iskandar Mohamed Mansor, president of the Real Estate and Housing Developers’ Association Malaysia, said there are concerns about a growing number of housing loan applications being rejected by banks for purchases of affordable homes of up to RM500,000.

Property developers hope the developer interest bearing scheme (Dibs) will make a comeback in Budget 2016, a controversial property financing scheme that was banned in 2014 as part of the government's cooling measures.

Organised by Rehda Youth, a branch of the Real Estate & Housing Developers Association of Malaysia, the five-day long property exhibition was held at One Utama Shopping Centre.

Organisers expect a turnout of 10,000 visitors, who will get the opportunity to view residential properties located in Johor Bahru, Perak, Seremban, Cyberjaya and the Klang Valley.

They would like to see the return of developers interest-bearing scheme and GST exemptions

Perhaps the biggest appeal of new developments in suburban areas is the price. Homes that are far from the city centre are much cheaper.