News by Edgeprop.my

This exemption is effective for loan agreements and instruments of transfer executed from Jan 1, 2021 to Dec 31, 2025 for abandoned housing projects certified by the Ministry of Housing and Local Government (KPKT).

The initiatives in Budget 2021 could help to boost transaction volume of residential units.

“Digitalisation efforts need to be focused on maybe only a few selected firms, so that we could create leaders in digitalisation in the building industry."

Alliance-DBS Research senior analyst Quah He Wei noted that resolving the supply glut issue is still the key factor in improving the present sluggish property market. "And this requires a concerted collaboration with all stakeholders, which is not an easy task."

Some RM1.2 billion for the construction of comfortable and quality housing come next year

MIPFM president Adzman Shah: However, there is no strong incentive to boost the property market especially for properties above RM500,000 and nothing really significant to boost property investment

Dr Yeah Kim Leng: Overall, the expansionary budget aimed at securing the recovery in 2021, it reduces the risk of companies and households having to withdraw fiscal support too early, since the economic recovery of both the domestic economy and global economy are battling numerous downside risks.

This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025.

KGV International Property Consultant (Johor) executive director Samuel Tan: These schemes are impactful only when fundamentals like location, quality and unit sizes match the buyers' needs and requirements. The RTO scheme is good but should not be limited to PRIMA. Other developers should be encouraged to participate in such schemes.

“We know that no job is fully ‘safe’ at the moment and therefore a nudge towards prudence in spending would be more appropriate.”