Biggest beneficiaries of are the education/higher education sectors followed by the health sector KUALA LUMPUR (Oct 25): The biggest beneficiaries of Budget 2025 are the education/higher education sectors followed by the health sector, while the property sector “was not accorded the same priority and there were not that many goodies to cheer up the market”, stated Henry Butcher Malaysia.
Analysts covering construction stocks are neutral to positive on Budget 2025, taking into account the slight decline in net development expenditure, absence of new megaprojects, and lack of details for key projects such as the third phase of the Klang Valley Mass Rapid Transit (MRT3).
The government announced individual tax relief for housing loan interest payments to encourage first-home ownership.
These include RM200 million for maintenance of the low cost public housing.
While HBA supports the tax relief for first home buyers, HBA feels that such an incentive should also be given to all existing homeowners with outstanding housing loans as this will benefit more rakyat which have been burdened for the past years.
The association is particularly concerned on how to improve supply chains and ensure the availability of key construction materials in 2025 as this is expected to help stabilise building costs and enhance project viability across the board.
An Invest Malaysia Facilitation Centre–Johor (IMFC-J) is in progress to facilitate investments in JS-SEZ and reduce bureaucracy in expediting approvals.
Juwai IQI co-founder and group CEO Kashif Ansari: “For the real estate market, the doubling of the special grants is a positive factor that will improve accessibility, increase property values, attract new development, and drive higher economic growth and quality of life.
To encourage homeownership, first-time homebuyers will enjoy tax reliefs up to RM7,000 for the first three years.
“The continued allocation of RM10 billion for 20,000 rakyat through SJKP will definitely benefit potential homebuyers without monthly income statement.
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