News about Budget

KUALA LUMPUR (April 7): The MyDeposit scheme, which was announced in Budget 2016 to assist the middle-income group, was implemented yesterday, said Prime Minister Datuk Seri Najib Razak (pictured).

Construction sector Maintain overweight: The government has reduced development expenditure by RM4.

KUALA LUMPUR (Jan 28): The revisions to Budget 2016 pertaining to the property market have drawn mixed responses from the industry.

KUALA LUMPUR (Oct 30): The government is considering proposals by property developers to reintroduce the developers interest bearing scheme (DIBS) and relax lending guidelines to promote first home ownership, said Minister in the Prime Minister’s department Datuk Sri Abdul Wahid Omar.

PETALING JAYA: Real estate agents from The Property Expert (TPE) Realty say Budget 2016 offers little to catalyse the property market.

GEORGE TOWN (Oct 26): Penang, which was hoping for some good news for the housing sector, was disappointed when last week’s Budget 2016 made no mention of relaxing commercial bank loan requirements to make it easier for the people to purchase affordable homes.

PETALING JAYA: Several recommendations by the property sector have been incorporated in Budget 2016 but not sufficiently, says Paramount Corporation Bhd group CEO Jeffrey Chew.

Foo Gee Jen Managing director, CH Williams Talhar and Wong There was no reduction in real property gains tax (RPGT), so it was good.

KUALA LUMPUR (Oct 23): Mah Sing Group Bhd commends the various Budget 2016 initiatives including the reiteration of commitments to major infrastructure projects and measures to create more affordable housing.

KUALA LUMPUR (Oct 23): The Real Estate and Housing Developers’ Association (Rehda) is realistic about the economic challenges faced by the country and views Budget 2016 in a positive manner “Rehda acknowledged the fact that this is a challenging budget as the country’s major source of income from oil and gas industry was slashed.