Paramount Property also commended Putrajaya’s proposal to revise the base year for real property gains tax (RPGT) from the current year 2000 to 2013, as this would encourage long-term property owners who are looking at upgrading their homes.

It comprises three towers of 64-storeys each and will have a gross development value of RM1.8 billion.

She said the suggestion to lower the price threshold for foreign buyers could be re-examined according to the needs of each state. 

Court of Appeal, Joint Management Body (JMB), High Court, Strata Property Owners Association Selangor, SPOAS

“Developers cannot arbitrarily increase the price from RM500,000 to RM600,000 because of the lowering of the threshold.”

A start-up has managed to make things cheaper immediately, by eliminating the security deposit, and offering the same function to landlords as the security deposit in the form of insurance.

Part of MEH’s measures to pare down debt and complete the long-delayed ECD1.

“If the locals want to buy the property, they can buy it at the same (reduced) price, but we still have supply overhang. We have built so many houses, but they were not sold. When a housing project is not sold, it causes the country to suffer losses."

Meanwhile, the government’s move to extend the youth housing scheme for first home ownership from Jan 1, 2020 to Dec 31, 2021 was viewed as timely and a step forward for young people to be able to purchase their first home.

Millennials are defined as those who are between 22 and 37 years of age, while Gen Z are aged between four and 24. Here’s a look at some of the things in Budget 2020 that are crafted with them in mind.