KUALA LUMPUR: Property developer Paramount Corporation Bhd (Paramount) would like the government to continue taking a balanced approach to support property sector growth, especially in expediting project approvals.
Group chief executive officer Jeffrey Chew Sun Teong said in a Budget 2025 wishlist response that project delays would significantly increase costs while benefitting banks through accrued interest.
"We can build more homes, but it will be more difficult for people to find a property as it gets more expensive, especially if getting approvals for the building and construction process becomes longer.
"The government should make the industry more conducive. We (developers) are not asking for any subsidies, but we hope the government can incentivise the authorities to try and accelerate the process (approvals) so that we can launch and complete our project on time," he said after an investor and media presentation for the first half (1H) 2024 here today.