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The current non-bank interest rates stand at 12% for mortgage loans and 18% for non-mortgage loans.

“Also, with the reopening of international borders as part of the post-pandemic normalisation, our Swiss-Garden Hotel Melaka and The Shore Hotel & Residences stand to benefit from the influx of foreign visitors, as Malaysia continues to be one of Southeast Asia’s favourite tourist destinations.

En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.

The developer said Menara YNH has been conceptualised to be a hallmark mixed development consisting of serviced apartments, hotels, SoHo, offices, as well as retail space strategically located within the central business district of Kuala Lumpur.

“The MRT project is currently already at an advanced stage and should be implemented soonest.

In comparing the revised budget and the previous October budget, the honorary secretary-general of HBA Datuk Chang Kim Loong has expressed the association’s support, concern and disappointment on matters relating to the Malaysian property sector.

Anwar stressed the government’s aim is to alleviate the rakyat’s struggles amidst the economic challenges, while ensuring a sustainable fiscal growth for the nation.

Share of results of JVs shot up to RM225.

The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

“This effort [to reduce the price] is in line with the renewed drive to improve governance, to reduce the procurement cost to achieve savings that can be shared for the benefit of the rakyat.