Budget 2019: A mixed bag, says RHB Research Institute
PETALING JAYA (Nov 2): The Budget 2019 is a mixed bag as far as the housing sector is concerned, said RHB Research Institute senior analyst Loong Kok Wen.
PETALING JAYA (Nov 2): The Budget 2019 is a mixed bag as far as the housing sector is concerned, said RHB Research Institute senior analyst Loong Kok Wen.
PETALING JAYA (Nov 2): Kenanga Head of Equity Research Sarah Lim (pictured) said it will be interesting to know how the current government will monitor the selling prices of new houses.
PETALING JAYA (Nov 2): A property consultant expects a more active real estate transaction now till year end to avoid additional Real Property Gains Tax (RPGT) charges.
PETALING JAYA (Nov 2): The Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon (pictured) has lauded the government’s initiative in introducing a new technology-based mechanism –property crowdfunding, to encourage homeownership.
PETALING JAYA (Nov 2): The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen.
PETALING JAYA (Nov 2): The Master Builders Association Malaysia (MBAM) hopes the government will take a holistic approach in handling policies related to foreign workers employment to ensure that the market has sufficient manpower while reducing the cost of doing business.
KUALA LUMPUR (Nov 2): Malaysia Airports Holdings Bhd (MAHB) is of the view that the formation of the airport real estate investment trust (airport REIT), as proposed in the Budget 2019 tabled in Parliament today, is a way for the government to 'securitise' its infrastructure assets.
PETALING JAYA (Nov 2): Budget 2019 is a very comprehensive budget that encourages homeownership while aiming to resolve the mismatch in property demand and supply, said Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) deputy president See Kok Loong (pictured).
PETALING JAYA (Nov 2): S P Setia Bhd president and CEO Datuk Khor Chap Jen applauded the government’s initiatives in Budget 2019 which focuses on the lower and middle-income segments by addressing issues on cost of living, affordable housing, public transportation improvements, education sector upgrades and new technology to spur growth.
PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.