News about DG

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.

It is a British city known for a world-famous university that has produced more Nobel Prize winners than any other institution in the world, including British-American economist Angus Deaton, this year’s recipient of the Nobel Memorial Prize in Economic Sciences.

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.

It has been announced that RM200 million has been allocated under Budget 2016 to help first-time buyers pay a deposit on an affordable home.

KUALA LUMPUR (Oct 23): Budget 2016 did not provide any provisions for the middle-income group, where some were waiting for help to purchase their first homes.