News about budget

RM4.

Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.

With a total of RM393.

“In order to pump prime the revival of the Malaysian construction industry, the MBAM appeals to the government to provide more assistance for the construction industry to revive and sustain the construction sector.

At the same time, the government is calling for companies to offer a model for residential rooftop solar installation that requires zero capital expenditure (capex), such as those currently offered by Petroliam Nasional Bhd’s (Petronas) green energy unit Gentari Sdn Bhd.

It added that this RTO scheme shall also be applicable to PRIMA homes, where there is an oversupply, as this will give an opportunity for the B40 income group to own homes for the first time.

Clearly, it is at the state and local authorities that improvements will go a long way towards containing home prices.

LBS Bina's second proposal is to provide incentives for the adoption of the industrialised building system (IBS) precast system for developers that incorporate the system into their housing projects, as this can help reduce construction costs and make housing more accessible.

The issue of “affordability or rather the unaffordability” of houses remains a major issue for the rakyat and industry alike.

TA Securities said the property sector is expected to benefit from likely initiatives to promote homeownership among low-to-middle-income first-time buyers and make it more affordable, develop developer-friendly policies for affordable housing, incentives for green development and clarity regarding infrastructure development and special economic zones.