News about Budget

KUALA LUMPUR (Nov 7): The Association of Banks in Malaysia (ABM) has announced that enhancements to the targeted repayment assistance will be available to B40 borrowers who are recipients of Bantuan Prihatin Rakyat (BPR) — previously known as Bantuan Sara Hidup (BSH) — as well as microenterprises.

KUALA LUMPUR (Nov 6): While agreeing on the priority for the lower-income group, Henry Butcher Malaysia chief operating officer Tang Chee Meng is also disappointed that the property industry has received little attention from the government in Budget 2021.

PETALING JAYA (Nov 7): Under the Budget 2021 tabled on Nov 6, 2020, the government announced that it is committed to carry on the development of transportation infrastructure projects to enhance mobility of the rakyat.

PETALING JAYA (Nov 6): While the announcement on the full stamp duty exemption for the Memorandum of Transfer (MOT) and loan agreements for first-time homebuyers for properties priced up to RM500,000 will help, the key factor in stimulating the property market is affordability, said PA International Property Consultants (Penang) executive director Michael Loo.

KUALA LUMPUR (Nov 6): The government has announced that the stamp duty exemption on loan agreements and instruments of transfer given to rescuing contractors and the original house purchasers will be extended for another five years.

PETALING JAYA (Nov 6): Budget 2021 would help to encourage first home ownership, said JLL Property Services (Malaysia) Sdn Bhd country head YY Lau.

PETALING JAYA (Nov 6): On digitalisation of the construction industry, Malaysian Institute of Architects (PAM) president Datuk Ezumi Harzani Ismail hopes that the grant allocated would not be targeted only to help companies to acquire software and hardware, but also to develop a structured system that would promote the usage of Building Information Modelling (BIM).

PETALING JAYA (Nov 6): The property measures announced under Budget 2021 are within expectations, according to Alliance-DBS Research senior analyst Quah He Wei.

PETALING JAYA (Nov 6): The days of living in poor conditions are numbered.

PETALING JAYA (Nov 6): Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah (pictured) said the full stamp duty exemption on Memorandum of Transfer (MOT) and loan agreement for first home priced below RM500,000 will be good for the property market but it may not help strata property purchasers if the strata titles are delayed beyond 2025.