News about Budget 2020

The government cares about the state of low and medium-cost stratified houses that are not properly maintained.

In response to the people's view on the real property gains tax (RPGT) imposed on disposal of properties by individual citizens and permanent residents after a five-year period, the government will enhance the RPGT treatment by setting the market value on 1 January 2013 as the property acquisition price for properties acquired prior to 1 January 2013 compared to 1 January 2000.

To reduce the high number of unsold condominiums and apartments amounting to RM8.

To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the Government will be working with financial institutions to introduce a Rent-To-Own scheme.

Home Ownership Campaign.

Bank Negara Affordable Housing Fund.

Those in the rural areas of Sarawak and Sabah will not be left out of the National Fiberisation and Connectivity Plan.

RM70 million allocation for housing for new generation of FELDA settlers

The government is creating various schemes to attract Fortune 500 companies in the following industries - technology, manufacturing, creative and new economy.

Putrajaya has no plans to reintroduce the Goods and Services Tax.