News by EdgeProp.my

Airbnb Southeast Asia head of public Policy Mich Goh: Looking ahead, Airbnb hopes to see the expansion of ongoing initiatives, and implementation of new incentives for the short-term residential accommodation industry, which continue to play an essential role in contributing to Malaysia’s tourism economy

Group managing director Foo Gee Jen: The government should probably at least provide a stamp duty waiver for the first RM300,000 of the housing price, for example. This will help ease the burden of those in the B40 and M40 income groups

Dr Yeah Kim Leng: This is good for those who have just started their careers and this scheme will allow them to have access to the housing loan earlier

Datuk Seri Reezal Merican Naina Merican: With the “Keluarga Malaysia” concept in mind, the RM332.1 billion Budget 2022 has taken a holistic approach that is inclusive and aims to create greater economic impact to all

President Datuk Soam Heng Choon: Under the current soft market conditions, we welcome the government’s move for the removal. We hope that this measure will help invigorate our property market to make it more resilient and eventually translate into a positive multiplier effect on the economy.

They appreciate the availing of a government guarantee of up to RM2 billion to banks under the Housing Credit Guarantee Scheme.

President Tan Sri Sufri Mhd Zin: MBAM was expecting a more uplifting 2022 Budget announcement for the construction industry. Disappointingly, there was no announcement of new mega infrastructure to prime the revival of the Malaysian construction industry.

KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan: Apart from the abolishment of the RPGT for properties held from the sixth year onwards, there was hardly any good news for the property market

RHB Research Institute senior analyst Loong Kok Wen said the proposed waiver of the real property gains tax (RPGT) on property owners who sell their properties after the sixth year is a good step but may not be enough to stimulate the property market as a whole

The real property gains tax (RPGT) will not be applied for properties sold after the sixth year