Property consultants take encouragement from transport initiatives, but are on the whole unimpressed by Budget 2016

According to group managing director Tan Sri Leong Hoy Kum, the government’s continued efforts to make the high-speed rail a reality and its commitment to improve highways, MRT and LRT will directly benefit Mah Sing since 61% of the company’s landbank in terms of gross development value is in Greater KL.

Mixed reactions from the two bodies

It has been announced that RM200 million has been allocated under Budget 2016 to help first-time buyers pay a deposit on an affordable home. Another RM200 million ha s been allocated to build 10,000 Mesra Rakyat homes, with a RM20,000 subsidy for each unit; RM1.6 billion has been allocated for PR1MA to build 175,000 homes to be sold at 20% below market value.

Here are some reactions to the Budget announcement

Preliminary data for the second quarter of 2015 showed the Malaysian Housing Price Index registering 220.2 points, which indicates that the country's home values have more than doubled since 2000, according to the Economic Report 2015/16 released today.

TH Properties’ senior manager of marketing and sales, Mohd Adlee Yusof said Mahawangsa Square is strategically located in a fast-maturing and well-connected Bandar Enstek township.

Milux announced it was partnering with RGF Cabaran Sdn Bhd (RCSB) to jointly develop 12 pieces of land measuring 25,832.31 sq m in Bentong, Pahang, into a residential property consisting of condominiums.

The unit types available include 1-bedroom, 2-bedroom/1-bathroom, and 2-bedroom/2-bathroom apartments with built-ups ranging from 82 sq m to 181 sq m.

IOI Properties Group Bhd is set to launch two new developments – Le Pavillion at Bandar Puteri Puchong and Avira residences at Bandar Puteri Warisan – on Oct 24 and Oct 31 respectively in Sepang.