Property consultants call Budget 2026 balanced yet muted for the industry
One noted the lack of incentives for the property market and expected it to move steadily on its own steam again into 2026.
One noted the lack of incentives for the property market and expected it to move steadily on its own steam again into 2026.
REHDA however expressed “trepidation pertaining the announcement to increase the stamp duty for foreign residential ownership, from the current 4% to 8%.
“A renewed HOC would not only encourage genuine homeownership, especially among first-time buyers, but also help sustain market momentum in 2026,” said Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum.
“MBAM commends the government’s proactive measures in Budget 2026, which prioritises key infrastructure projects and underscores the critical role of the construction sector in driving Malaysia’s socio-economic development, particularly in transportation and housing.
Located on a 15-acre site, Ativo Annexe will comprise Amaya Residences (high-rise residences), The Arden (office suites) and DA Central Mall.
The building, owned by former finance minister Tun Daim Zainuddin and his widow Toh Puan Na’imah Abdul Khalid, is subject to two forfeiture proceedings by the MACC, which are being challenged.
The freehold project is located about 3km from the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and next to Sunway Commercial Square.
The freehold high-rise mixed development comprises a 33-storey serviced apartment tower with 494 units and 10 commercial shoplots, with a gross development value (GDV) of RM309 million.
The funds may also be used to finance projects, investments and asset acquisitions, as well as cover related fees and expenses, according to its filing with Bursa Malaysia on Wednesday.
The MOU follows Golog’s recent strategic cooperation agreements with China Henan Aviation Group Co Ltd that were signed on Sept 18 to strengthen industrial park development and enhance air cargo capacity between China and Malaysia.