The developer also welcomed the extension of personal income tax relief of up to RM1,000 for domestic tourism expenses up to the year of assessment 2022 to encourage tourism within Malaysia.
Another property sector-related measure deemed positive is an allocation of RM1.5 billion for housing projects for the lower-income group.
Group managing director Foo Gee Jen: The government should probably at least provide a stamp duty waiver for the first RM300,000 of the housing price, for example. This will help ease the burden of those in the B40 and M40 income groups
KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan: Apart from the abolishment of the RPGT for properties held from the sixth year onwards, there was hardly any good news for the property market
The debt-ridden companyalso announced on Friday plans to prioritise its electric vehicles business over real estate.
OSK Property CEO Ong Ghee Bin: We want to be known as a developer that markets to the young and first-time homebuyers
How could a developer sell premium-quality homes located in highly accessible and matured localities, yet price them attractively for the middle-income group? OSK Property’s solution is to keep the home design simple and practical, and leverage the OSK Group’s strength of diversified portfolios to cap costs.
Renovation works can be a daunting journey, especially for first-time homebuyers, as the outcome may impact not only your finances but the value of your property
Without proper planning, renovations can gradually take a life of their own and that will lead to a hole in your pocket
Do get overly excited and maintain a level head or you may just regret it
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