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     PETALING JAYA (Nov 2): The Budget 2019 is a mixed bag as far as the housing sector is concerned, said RHB Research Institute senior analyst Loong Kok Wen.

PETALING JAYA (Nov 2): Kenanga Head of Equity Research Sarah Lim (pictured) said it will be interesting to know how the current government will monitor the selling prices of new houses.

  PETALING JAYA (Nov 2): A property consultant expects a more active real estate transaction now till year end to avoid additional Real Property Gains Tax (RPGT) charges.

PETALING JAYA (Nov 2): The Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk  Soam Heng Choon (pictured) has lauded the government’s initiative in introducing a new technology-based mechanism –property crowdfunding, to encourage homeownership.

PETALING JAYA (Nov 2): The increase in  stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition  of Real Property Gains Tax (RPGT)  on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.

PETALING JAYA (Nov 2): The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen.

PETALING JAYA (Nov 2): Mah Sing Group Bhd will be seeking clarity from the Real Estate and Housing Developers’ Association Malaysia (Rehda) on the commitment it made to the government for its members to provide up to 10% discount on new residential projects.

PETALING JAYA (Nov 2): Property developers have lauded the government’s move to allow the private sector to engage in a new peer-to-peer lending scheme that will allow first-time homebuyers to adopt the “property crowdfunding” model.

PETALING JAYA (Nov 2): The Master Builders Association Malaysia (MBAM) hopes the government will take a holistic approach in handling policies related to foreign workers employment to ensure that the market has sufficient manpower while reducing the cost of doing business.

​ KUALA LUMPUR (Nov 2): Malaysia Airports Holdings Bhd (MAHB) is of the view that the formation of the airport real estate investment trust (airport REIT), as proposed in the Budget 2019 tabled in Parliament today, is a way for the government to 'securitise' its infrastructure assets.