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PETALING JAYA (Oct 27):  Economists and analysts are viewing the housing and construction-related proposals in Budget 2018 positively as they could spur the property market.

PETALING JAYA (Oct 27): The Real Estate and Housing Developers’ Association Malaysia (Rehda) views Budget 2018 positively and urged the state governments to follow suit in providing homes for the B40 and M40 groups.

KUALA LUMPUR (Oct 27): Budget 2018 has failed to address the challenges faced by the current property industry, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in a statement following the tabling of the budget today.

PETALING JAYA (Oct 27): While the measures announced by Prime Minister Datuk Seri Najib Razak in Budget 2018 for the housing sector show that the government is continuously trying to help first-time homebuyers, more could be done, said think tanks.

PETALING JAYA (Oct 27): Master Builders Association Malaysia (MBAM) was hoping for lower import duties for heavy construction machinery and more incentives in Budget 2018 to be disbursed to industry players who use Industrialised Building System (IBS) and Building Information Modelling (BIM), such as equipment tax reduction and tax incentives, it said in a post-budget statement today.

KUALA LUMPUR (Oct 27): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said it will ensure that the Mass Rapid Transit Line 3 (MRT 3) or the Circle Line will be delivered on time and within budget.

PETALING JAYA (Oct 27): Property developers lauded the government’s various initiatives in Budget 2018 that aims to address the affordable housing gap and rising cost of living.

KUALA LUMPUR (Oct 27): Affordable housing developer Hua Yang Bhd saw its net profit plunge 97% to RM584,000 in its second quarter ended Sept 30, 2017 (2QFY18), from RM16.

Here are the Budget 2018 highlights for infrastructure, housing and construction: Infrastructure: The MRT 3 or Circle Line's completion to be brought forward to 2025 — previous estimated completion was 2027.

KUALA LUMPUR (Oct 27): Bukit Bintang City Centre (BBCC) at the former Pudu Prison site in Kuala Lumpur will house the first Canopy by Hilton in Southeast Asia, following the signing of a sale and purchase agreement.