News about Budget

PETALING JAYA (Oct 31): The proposed waiver of Real Property Gains Tax (RPGT) for properties sold in the sixth year is good news for the property market but more incentives needed for the secondary market and commercial segment, said Zerin Properties CEO Previndran Singhe.

PETALING JAYA (Oct 29): The allocation of RM2 billion Housing Credit Guarantee Scheme announced under the Budget 2022 will benefit first-time homebuyers, especially wage earners without steady incomes, said JLL Property Services (Malaysia) Sdn Bhd country head YY Lau.

PETALING JAYA (Oct 29): The announcement of the removal of Real property Gains Tax (RPGT) for house sales from sixth year onwards is the biggest good news for real estate industry and many anticipated this will spur the market transactions.

PETALING JAYA (Oct 29): The newly announced Budget 2022 today has disappointed many in the property industry as there are not many significant measures that could stimulate the market, said Reapfield Properties Group COO Jonathan Lee.

PETALING JAYA (Oct 29): Association of Valuers, Property Managers, Estate Agents & Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong (pictured) says the Budget2022 will bring only minimal impact to the property market.

PETALING JAYA (Oct 29): Mah Sing Group has lauded the initiatives tabled by the government in Budget 2022 with a total allocation of RM332.

PETALING JAYA (Oct 29): Airbnb Southeast Asia has lauded the government initiative of introducing Malaysia Digital Nomad Program in catalysing the industry’s recovery as it paves a new era for the tourism industry.

PETALING JAYA (Oct 29): CBRE | WTW group managing director Foo Gee Jen (pictured) maintained a neutral outlook for the real estate industry in light of the tabling of Budget 2022 today.

PETALING JAYA (Oct 29): An academic is of the view that the Housing Credit Guarantee Scheme is an innovative scheme for homeownership.

PUTRAJAYA (Oct 29): The Housing and Local Government (KPKT) minister Datuk Seri Reezal Merican Naina Merican described the newly announced Budget 2022 as a strategic plan that covers every aspect, including socioeconomic, strengthening businesses and the health system to facilitate the country moving towards recovery.