News by M

Budget 2026, which was tabled by Prime Minister Datuk Seri Anwar Ibrahim on Friday, Oct 10, drew a mixed but measured response from property consultants, noting its focus on regional growth and targeted stimulus.

The nearly RM200 million allocation will support better connectivity between cities and rural areas through new stage bus routes and increase capacity in key urban centres.

The Federal Government has tabled Budget 2026 worth RM419.2 billion, a RM2 billion decrease from last year’s allocation.

The Real Estate and Housing Developers’ Association (REHDA) Malaysia has lauded the continued provisions made in Budget 2026 for first-time homebuyers, such as the stamp duty exemption for memorandum of transfers and loan agreements for homes priced up to RM500,000 that has benefited many buyers, for two more years until December 2027.

Mah Sing Group Bhd (KL:MAHSING) urges the government to consider reintroducing the Home Ownership Campaign (HOC), citing its proven impact in easing homebuyers' financial burden and stimulating the broader property market.

The Master Builders Association Malaysia (MBAM) has welcomed the RM81 billion development expenditure allocated under Budget 2026, describing it as a critical boost for infrastructure and construction activity nationwide.

Property developer S P Setia Bhd has announced the launch of its year-end campaign, “Setia Secret Stash”, which will run until Dec 31, 2025.

TA Global Bhd has broken ground on the RM3 billion Ativo Annexe development, marking the next major phase of its 48-acre Damansara Avenue masterplan in Bandar Sri Damansara.

The Malaysian Anti-Corruption Commission (MACC) will oppose the legal bid by Ilham Tower and its operators—Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd—to prevent its company secretary from providing documents to the anti-graft agency, after the High Court allowed the MACC to intervene in the ongoing case.

A new step-free entrance to the London Underground station at Battersea Power Station opened on Oct 6, giving Tube customers a second fully accessible entrance for accessing Northern line services.