News by Edgeprop.my

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

The theme of the Budget would be #FamilyMalaysia, a budget that aims to be the pulse of the country's economic recovery as well as highlighting the values of inclusiveness, togetherness and thanksgiving to ensure that no one is left behind

Datuk Alex Khaw Giet Thye: We have always been known as an affordable landed home builder and we intend to carry on this market position because we believe a roof above the head is essential no matter in good times or bad times.

Scientex Bhd started as a local developer in Johor for more than 10 years. It has then expanded its property footprint to other states in Malaysia since 2016. Today, Scientex has its stamp in the Klang Valley, Melaka, Perak, Penang and Kedah. Focusing largely on affordable landed homes, it has successfully completed 3,900 houses.