In 2021, RM15 billion will be allocated to finance projects such as Pan Borneo Highway, Gemas-Johor Baru Railway Electrified Double-Tracking Project and the first phase of Klang Valley Double Track Project (KVDT 2).
“The overhang situation will not be relieved if consumers cannot afford to buy a house."
This exemption is effective for loan agreements and instruments of transfer executed from Jan 1, 2021 to Dec 31, 2025 for abandoned housing projects certified by the Ministry of Housing and Local Government (KPKT).
The initiatives in Budget 2021 could help to boost transaction volume of residential units.
“Digitalisation efforts need to be focused on maybe only a few selected firms, so that we could create leaders in digitalisation in the building industry."
Alliance-DBS Research senior analyst Quah He Wei noted that resolving the supply glut issue is still the key factor in improving the present sluggish property market. "And this requires a concerted collaboration with all stakeholders, which is not an easy task."
Some RM1.2 billion for the construction of comfortable and quality housing come next year
MIPFM president Adzman Shah: However, there is no strong incentive to boost the property market especially for properties above RM500,000 and nothing really significant to boost property investment
Dr Yeah Kim Leng: Overall, the expansionary budget aimed at securing the recovery in 2021, it reduces the risk of companies and households having to withdraw fiscal support too early, since the economic recovery of both the domestic economy and global economy are battling numerous downside risks.
This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025.
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