News about budget

KUALA LUMPUR (Oct 21): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) had hoped for more measures to be announced by the government to restore the slowdown in the property market.

KUALA LUMPUR (Oct 21): MIDF group managing director Datuk Mohd Najib Abdullah said Budget 2017 has been dedicated to assisting the B40 income group, especially in the area of affordable housing.

KUALA LUMPUR (Oct 21): Government lands will be made available for the building of 30,000 affordable homes in the country, Prime Minister Datuk Seri Najib Razak said in his Budget 2017 speech today.

KUALA LUMPUR (Oct 21): The “step up” end-financing scheme for the 1Malaysia People’s Housing (PR1MA) programme, as announced under Budget 2017, signals that the government is taking a long-term view on helping the rakyat with their lifelong financial planning, said CIMB Group Holdings Bhd.

KUALA LUMPUR (Oct 21): Civil servants’ housing loan eligibility will be raised from between RM120,000 and RM600,000 to between RM200,000 and RM750,000 under Budget 2017.

KUALA LUMPUR (Oct 21): RHB Banking Group’s group managing director Datuk Khairussaleh Ramli said Budget 2017 bodes well for the business community with the various tax relieves and incentives, which will stimulate a robust small and medium enterprise sector.

● Stamp duty exemption doubled to 100% on instruments of transfer and housing loan instruments to help reduce the cost of first home ownership.

KUALA LUMPUR (Oct 21): Prime Minister Datuk Seri Najib Razak has announced a new scheme called MyBeautiful New Home for the bottom 40% of households with a monthly income RM3,900 and below (B40).

KUALA LUMPUR (Oct 21): Prime Minister Datuk Seri Najib Razak has proposed a new special “step-up” end financing scheme for the Perumahan Rakyat 1Malaysia (PR1MA) programme when announcing Budget 2017 today.

KUALA LUMPUR (Oct 21): Stamp duty will be exempted for property transfers and housing loan instruments to help reduce the cost of first-time home ownership.