Estate agents: Budget 2020 below expectation especially on RPGT
“Overall it is a good budget, although it is slightly lower than my expectations, especially on the RPGT because I expected more.”
Budget 2020: RPGT base year to be revised
The revision was in response to the people's views on the RPGT, said Lim Guan Eng.
Budget 2020's real estate highlights
From RTO to lower foreign buying threshold in urban areas, here is a snapshot of how the budget will impact the real estate segment
Budget 2020: Lower threshold for foreign purchases
In response to this, property developer Titijaya Land Bhd said it welcomed the move.
Rent-to-own financing scheme to be introduced
Finance Minister Lim Guan Eng in tabling Budget 2020 in Parliament today said the government will offer this scheme in collaboration with financial institutions.
FLASH: Rationalization process of Pan Borneo Highway generated RM1.2b in savings
The savings enable the Government to plan for other projects to drive economic growth including Sabah and Sarawak such as the 165km Trans Borneo Highway connecting Sabah and Sarawak to East Kalimantan.
FLASH: Bridging the urban, rural gap
For 2020, about RM587 million will be allocated for the Rural Water Supply Project, of which RM470 million is for Sabah and Sarawak to meet the 99% target of access to clean water.
FLASH: RM10m for joint Government-UN Sustainable Development Goals
RM10 million towards a joint Government-UN Sustainable Development Goals (SDG) fund to co-finance SDG initiatives in Malaysia.
FLASH: RM85m for new villages
To support the development and improvement of basic infrastructure in new villages, the government will provide RM85 million in 2020.
FLASH: Minimum wage for workers in first-tier cities hiked to RM 1,200
Suggestion to increase minimum wage for workers in first-tier cities to RM 1,200. Implementation to start in 2020.
