Budget 2020: Still need more to stimulate property market, says Rehda
He also commended the proposal to reduce the foreign home ownership threshold for condominiums and apartments in urban areas to RM600,000.
MBAM: Implement infrastructure projects quickly, contractors running out of jobs
“MBAM appeals to the government to quickly tender out and implement the projects so that the economic multipliers effect for the projects can be quickly felt by all the industry stakeholders.”
Penang condos priced RM500,000-RM600,000 may rise on lower foreign buying threshold
“The move could possibly bring an upward revision of market prices for those condominiums and apartments that are currently fetching between RM500,000 to RM600,000 in some places in Penang,” said Henry Butcher Malaysia (Penang) Asset Valuation executive vice-president for asset valuation Shawn Ong.
Mah Sing hopes for continuous improvements on RPGT
“The revision will allow sellers to pay lower RPGT. However, we hope continuous improvements to the RPGT policy can be considered to boost more interest and activities in the secondary property market, as many buyers are looking to upgrade after disposing their older units.”
Budget 2020: 'It’s a low-profile Budget, but better than an overambitious one,' says IDEAS
What Budget 2020 needs or lacks, according to him, is a new strategy on taxation.
CBRE-WTW: Ensure local buyers not affected by lower threshold for foreign ownership
The concern is that reducing the threshold will allow foreigners to compete with local buyers, leading to pressure on house prices.
Estate agents: Budget 2020 below expectation especially on RPGT
“Overall it is a good budget, although it is slightly lower than my expectations, especially on the RPGT because I expected more.”
Budget 2020: RPGT base year to be revised
The revision was in response to the people's views on the RPGT, said Lim Guan Eng.
Budget 2020's real estate highlights
From RTO to lower foreign buying threshold in urban areas, here is a snapshot of how the budget will impact the real estate segment
Budget 2020: Lower threshold for foreign purchases
In response to this, property developer Titijaya Land Bhd said it welcomed the move.
