Quotas and discounts for Bumiputera in the real estate sector should be reviewed to ensure they are more targeted and meet current needs while balancing social justice and market dynamics.
This reassessment is seen as necessary to avoid unsold properties, encourage homeownership among those who truly need it, and ensure the policy remains relevant in the country's growing economic and housing ecosystem.
Meanwhile, the chairman of the conference, Sulaiman Akhmady Mohd Saheh, said the Bumiputera quota aligns with the NEP, which aims to support communities or segments of society that need assistance.
He said the need still exists in certain areas, but there have also been reports from developers stating that the number of unsold properties is high, including Bumiputera quota properties.
