Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.

The Ministry of Housing and Local Government (KPKT) is grateful that 14 of its financial initiatives have been approved by Budget 2025

The National House Buyers Association (HBA) views the incentives announced in Budget 2025 on affordable housing and homeownership with high optimism and anticipation.

The Master Builders Association Malaysia (MBAM) has voiced concerns about supply chain and pricing trends for key construction materials as well as a potential rise in building costs in 2025, following the government's announcement of carbon tax and the removal of certain subsidies in Budget 2025 presented on Friday.

The Johor-Singapore Special Economic Zone (JS-SEZ) has just taken a major step forward with the government pledging to offer special incentives by the end of the year.

Putrajaya’s allocation of RM6.7 billion for Sabah and RM5.9 billion for Sarawak for their infrastructure development could translate into RM18.9 billion to RM25.2 billion in total economic activity.

Prime Minister Anwar Ibrahim (pictured) today presented the Budget 2025 in the Dewan Rakyat. The budget, themed “MADANI Economy: Prosperous Nation, Well-being of the People”, is the largest in the country’s history, with a total allocation of RM421 billion, surpassing the previous year’s budget of RM393.8 billion.

The Real Estate and Housing Developers' Association (REHDA) welcomes the government’s efforts to provide adequate housing for the B40 group and aid aimed “specifically” for first-time homeowners.

Exsim Hospitality Bhd (KL:EXSIMHB), previously known as Pan Malaysia Holdings Bhd, said on Friday that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60 million.