THE removal of the developer interest-bearing scheme (DIBS) in Budget 2014 last year was supposed to help curb speculation in the property market, where prices, especially of residential properties in prime locations, have risen beyond the means of most ordinary wage earners.
However, for first-time house buyers, whose earnings usually fall in the range of between RM3,000 and RM4,000, the removal of the DIBS has simply made life more difficult.
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