News about Budget 2018

KUALA LUMPUR (Oct 27): CBRE | WTW viewed the government’s move of not reintroducing the developer interest bearing scheme (DIBS) and maintaining the current real property gains tax (RPGT) rate in Budget 2018 as positive.

PETALING JAYA (Oct 27): It will be more appropriate if the government granted the 50% tax exemption to tenants as they are the party in need of assistance, instead of rewarding landlords with the Budget 2018 measure to halve tax on rental income, said the Property Management, Valuation and Estate Agency Surveying (PMVS) Division of the Royal Institution Of Surveyors Malaysia (RISM) in a statement today.

PETALING JAYA (Oct 27): Budget 2018 shows that the government is doing their best to address the issues faced by the rakyat, but there were no major surprises announced, said property developers.

PETALING JAYA (Oct 27):  Economists and analysts are viewing the housing and construction-related proposals in Budget 2018 positively as they could spur the property market.

PETALING JAYA (Oct 27): The Real Estate and Housing Developers’ Association Malaysia (Rehda) views Budget 2018 positively and urged the state governments to follow suit in providing homes for the B40 and M40 groups.

KUALA LUMPUR (Oct 27): Budget 2018 has failed to address the challenges faced by the current property industry, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in a statement following the tabling of the budget today.

PETALING JAYA (Oct 27): While the measures announced by Prime Minister Datuk Seri Najib Razak in Budget 2018 for the housing sector show that the government is continuously trying to help first-time homebuyers, more could be done, said think tanks.

Here are the Budget 2018 highlights for infrastructure, housing and construction: Infrastructure: The MRT 3 or Circle Line's completion to be brought forward to 2025 — previous estimated completion was 2027.

PETALING JAYA (Oct 25): Mah Sing Group Bhd will launch its “Reinvent Affordability” campaign tomorrow — which will feature a series of affordable properties — ahead of Budget 2018 in a bid to promote homeownership and plug the demand-supply gap.

PETALING JAYA (Oct 5): The government will increase its allocation for affordable housing in Budget 2018 from RM700 million in the previous one as housing is one of the main concerns of the rakyat, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.