PETALING JAYA: The return of the Bumiputera equity requirement for qualifying property disposals by government-linked companies (GLCs) and government-linked investment companies (GLICs) to 30% from 50% is more palatable to developers, said Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Zaini Yusoff.

He said the higher threshold had created difficulties for some GLCs in disposing of properties.

“Many of the GLCs had difficulty. Now that they have reduced it back to 30%, I think it is more palatable to the developers,” Zaini said at a briefing on Rehda’s Property Industry Survey H1’26 today.

The 50% requirement was introduced in November 2025 for qualifying disposals of non-residential properties valued at RM20 million and above by GLCs and GLICs, with the higher Bumiputera equity threshold applying to the purchasing company.

The requirement was understood to have reverted to 30% in early August 2026.

Zaini said developers needed land sales to monetise properties and move forward with their development plans.

“Because the developers need the land sales. They need to monetise the property and move forward,” he said.

The 50% requirement had previously raised concerns over qualifying property disposals, with some proposed acquisitions reportedly halted mid-process, according to media reports.