News about Budget

KUALA LUMPUR (Oct 24): The “step-up” end-financing scheme for the 1Malaysia People’s Housing (PR1MA) programme announced by the government in Budget 2017 is expected to have only minimal impact on the four banks involved, said analysts.

KUALA LUMPUR (Oct 24): Property developers who were anticipating measures to spur the sluggish property market from Budget 2017 last Friday came away disappointed, as there were no clear incentives for them.

KUALA LUMPUR (Oct 21): The Real Estate and Housing Developers' Association Malaysia (Rehda) wants the government to involve the private sector more when it comes to boosting the affordable housing supply and home ownership in the country.

KUALA LUMPUR (Oct 21): The National House Buyers Association (HBA) is pleased that there were no relaxation of cooling measures in the property sector.

KUALA LUMPUR (Oct 21): Mah Sing Bhd believes the stamp duty increment for homes worth more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018 when the hike takes effect.

KUALA LUMPUR (Oct 21): The Master Builders Association Malaysia (MBAM) said the government should take note that the construction industry needs foreign workers to fill in the demand-supply gap for manpower in the industry.

KUALA LUMPUR (Oct 21): While the government’s efforts in encouraging home ownership are lauded, real estate consultants feel more can be done to help the people fulfil their dream of owning homes.

KUALA LUMPUR (Oct 21): Budget 2017 that was announced today did not provide measures to shore up the property market or to help the bulk of potential homebuyers to own homes.

KUALA LUMPUR (Oct 21): “Disappointing.

KUALA LUMPUR (Oct 21): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) had hoped for more measures to be announced by the government to restore the slowdown in the property market.