The research house kept its positive stance on the sector and said property demand will keep recovering as the benchmark overnight policy rate rate is likely to stay the same for this year.
Maybank Investment Bank's (Maybank IB) research and economics team is overall positive on the Budget 2024 measures, "with fiscal consolidation commitment reiterated, yet the national budget is expansionary and pro-growth".
Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.
.png)
“In order to pump prime the revival of the Malaysian construction industry, the MBAM appeals to the government to provide more assistance for the construction industry to revive and sustain the construction sector.
At the same time, the government is calling for companies to offer a model for residential rooftop solar installation that requires zero capital expenditure (capex), such as those currently offered by Petroliam Nasional Bhd’s (Petronas) green energy unit Gentari Sdn Bhd.
It added that this RTO scheme shall also be applicable to PRIMA homes, where there is an oversupply, as this will give an opportunity for the B40 income group to own homes for the first time.
Clearly, it is at the state and local authorities that improvements will go a long way towards containing home prices.
LBS Bina's second proposal is to provide incentives for the adoption of the industrialised building system (IBS) precast system for developers that incorporate the system into their housing projects, as this can help reduce construction costs and make housing more accessible.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
