Budget 2020: Rahim and Co cautions potential home buyers to not take on too much debt, has neutral outlook on Budget 2020
PETALING JAYA (Oct 11): Neutral.
New foreign buying threshold should be location-based and limited to unsold completed units
PETALING JAYA (Oct 11): The new minimum price threshold for the foreign purchase of high-rise residential property should be location-based and limited to completed units that remain unsold for at least a year, suggested Perbadanan PR1MA Malaysia chairman Tan Sri Eddy Chen (pictured).
MIPFM: The real challenge of strata housing maintenance lies in the collection of maintenance charges
PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).
Budget 2020 a boon for Johor economy and property, says KGV International Property Consultants
PETALING JAYA (Oct 11): Budget 2020 is expected to improve the economy of Johor, according to KGV International Property Consultants Sdn Bhd executive director Samuel Tan.
Budget 2020: Still need more to stimulate property market, says Rehda
PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.
What Malaysia's banking chiefs say about Budget 2020
KUALA LUMPUR (Oct 11): Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.
MBAM: Implement infrastructure projects quickly, contractors running out of jobs
PETALING JAYA (October 11): Master Builders Association of Malaysia (MBAM) president Foo Chek Lee believes that the infrastructure projects proposed under Budget 2020 which was tabled in Parliament today will help the construction industry and stimulate the growth of about 140 downstream industries.
Penang condos priced RM500,000-RM600,000 may rise on lower foreign buying threshold
PETALING JAYA (October 11): The price of properties in Penang will rise if the foreign buying threshold in the state is lowered, said Henry Butcher Malaysia (Penang) Asset Valuation executive vice-president for asset valuation Shawn Ong believes that The Malaysian government announced a proposal in Budget 2020 to lower the foreign buying threshold for condominiums and apartments in urban areas from RM1 million to RM600,000 in 2020.
Mah Sing hopes for continuous improvements on RPGT
PETALING JAYA (OCT 11): Property developer Mah Sing Group Bhd is hoping that the government will consider continuous improvements to the Real Property Gains Tax (RPGT) policy to boost property market activity.
Budget 2020: 'It’s a low-profile Budget, but better than an overambitious one,' says IDEAS
PETALING JAYA (Oct 11): It is a very “low-profile” budget overall, observes the Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.
