News about Budget 2020

PETALING JAYA (Oct 12): The real property gains tax (RPGT) is still part of the Malaysian property market landscape, but Putrajaya has heeded public opinion and making enhancements by revising the base year of calculation.

PETALING JAYA (Oct 11): Economist and investment bank analysts view the Malaysian Budget 2020 as a positive one that will improve overall market sentiments.

  PETALING JAYA (Oct 11): The Malaysian Institute of Architects (PAM) is looking forward to the many new or revived development projects announced in Budget 2020 such the ECRL, Bandar Malaysia township, upgrading of airports, and Carey Island development to make Port Klang maritime centre and cargo logistics hub.

  PETALING JAYA (October 11): While the move to bring down the buying threshold by foreign property purchasers would help spur interest from some foreign buyers, it is unclear how significant of an effect it will have, said Henry Butcher (M) Sdn Bhd chief operating officer Tang Chee Meng.

PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).

  PETALING JAYA (October 11): Rehda Institute chairman Datuk Jeffrey Ng is glad to see the government recognising the issues faced by first time homebuyers and offering solutions, including promoting Rent-to-Own (RTO) schemes to lower the entry barrier for them.

PETALING JAYA (Oct 11): Neutral.

  PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).

PETALING JAYA (Oct 11): Budget 2020 is expected to improve the economy of Johor, according to KGV International Property Consultants Sdn Bhd executive director Samuel Tan.

  PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.