News about Budget

THE Malaysian construction sector has been robust — it grew 7.

The past 12 months have not been easy for the domestic property market.

MOST Malaysians want to own a home, and buying real estate has traditionally been a good inflation hedge.

“THE property market has softened” is what has been uttered for the past few months.

KUALA LUMPUR (Oct 4): The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases.

PETALING JAYA (Sept 30): Sunway Property has expressed hopes that the government can continue with policies that encourage property purchase and ownership in its Budget 2017 proposals.

SUBANG JAYA (Sept 27): Malaysia's Budget 2017 needs to outline long-term improvements in living cost and affordable housing to yield more positive changes.

PETALING JAYA (Sept 19): Mah Sing Group Bhd wants the government to consider introducing more easing and stimulus policies in Budget 2017 to spur the growth of the property industry and the overall economy.

                 HOME sharing, such as through Airbnb and HomeAway, is gaining popularity as an avenue of income for property owners, especially those looking to gain some returns on their investments but do not want to lease their property for the long term.

KUALA LUMPUR (Sept 5): Amid slowing demand and deteriorating profits, it seems now is a good time for housing developers — who are accused of being only interested in higher-end properties — to switch their focus to affordable housing, demand for which far outstrips supply.