Public servants’ housing needs addressed
Civil servants’ housing loan eligibility will be raised from between RM120,000 and RM600,000 to between RM200,000 and RM750,000 under Budget 2017.
Civil servants’ housing loan eligibility will be raised from between RM120,000 and RM600,000 to between RM200,000 and RM750,000 under Budget 2017.
“This budget has a special focus on inclusiveness, such as helping to manage rising cost of living and enabling home ownership among the new joiners to the job market."
Stamp duty exemption doubled to 100% on instruments of transfer and housing loan instruments to help reduce the cost of first home ownership. Exemption limited to houses valued up to RM300,000 for the period of Jan 1, 2017 to Dec 31, 2018.
Prime Minister Datuk Seri Najib Razak said an allocation of RM200 million will be used for the implementation of this National Blue Ocean Strategy initiative.
Financing will soon be easier and more accessible with total loans of up to 90% to 100%.
Stamp duty will be exempted for property transfers and housing loan instruments to help reduce the cost of first-time home ownership.
The construction sector is expected to expand 8.7% in 2016 compared with 8.2% last year, said the Ministry of Finance in its 2016/2017 Economic Report
Developer Emperor International Holdings is planning to launch a project where each unit measures 61.4 sq ft, according to filings with Hong Kong’s Building Department…
Malaysian property managers should reinvent themselves and enhance their capacity to meet increasingly high market expectations, said DBKL property management and valuation department’s commissioner of buildings (COB) head Kamarulzaman Mat Salleh.
Sold for: RM1.07 million (RM721 psf); Concluded by: Terence Yap (REN 03227) of One Sunterra Properties (012-2103557); When: August 2016