MP pans unending 'study' as PR1MA home buyers suffer 30pct losses

Thomas Su Keong Siong (DAP-Kampar) today panned the government's unending study on the issue of homebuyers overpaying for PR1MA homes, an affordable housing initiative spearheaded by the government.

Su, during Question Time in the Dewan Rakyat today, asked how the government intends to address the fact that some early PR1MA homebuyers suffered losses after developers decided to reduce the prices by up to 20 percent, on top of a 10 percent stamp duty exemption offered by the government under the Home Ownership Campaign (HOC)...