Budget 2021: Overall good but stimulating macro economy more crucial – PA International
“The overhang situation will not be relieved if consumers cannot afford to buy a house."
Budget 2021: Industry feedback on stamp duty exemption for abandoned projects
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).
JLL: Budget 2021 encourages first home ownership
The initiatives in Budget 2021 could help to boost transaction volume of residential units.
Budget 2021: Structured system needed for digital transformation of construction industry – PAM
“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: Resolving oversupply still key to spur the property market
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."
Budget 2021: Out with the squalid, in comes comfortable and quality housing for the lower-income group
Some RM1.2 billion for the construction of comfortable and quality housing come next year
MIPFM: Stamp duty exemption may not help strata property purchasers
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
Budget 2021: Lack of incentives to attract foreign investors
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.
Budget 2021: Industry leaders' feedback on stamp duty exemption
This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025.
KGV International: Proper allocation of affordable housing is important
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.
