PropertyGuru: Budget 2024 must look beyond property prices, address living costs

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PropertyGuru: Budget 2024 must look beyond property prices, address living costs
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KUALA LUMPUR, Oct 5 — PropertyGuru Malaysia hopes that Budget 2024 will not only address the issue of property prices but also the broader concerns of rising living costs and...

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Its country manager , Sheldon Fernandez, urged the government to consider developing house ownership initiatives that provide financial support to house buyers and steps to stimulate income growth to make homeownership more accessible to a broader demographic. Another study by the marketplace also identified property costs as the foremost hurdle to purchasers, with stagnating income and growing living expenditures remaining significant bottlenecks to home ownership.

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