Budget 2021: Out with the squalid, in comes comfortable and quality housing for the lower-income group
Some RM1.2 billion for the construction of comfortable and quality housing come next year
MIPFM: Stamp duty exemption may not help strata property purchasers
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
Budget 2021: Lack of incentives to attract foreign investors
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.
Budget 2021: Industry leaders' feedback on stamp duty exemption
This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025.
KGV International: Proper allocation of affordable housing is important
KGV International Property Consultant (Johor) executive director Samuel Tan: These schemes are impactful only when fundamentals like location, quality and unit sizes match the buyers' needs and requirements. The RTO scheme is good but should not be limited to PRIMA. Other developers should be encouraged to participate in such schemes.
Budget 2021: Not a good time to further push up household debts – IDEAS
“We know that no job is fully ‘safe’ at the moment and therefore a nudge towards prudence in spending would be more appropriate.”
Full Budget 2021 speech
I have a belief. How the Malaysian nation is a brave nation, a strong nation, that when we can agree with each other, we can do extraordinary things. That is why this 2021 Budget is raised as the theme " Resilient As One, Together We Triumph".
HBA: A budget that addresses concerns of abandoned projects' victims
The association lauded the government’s proposal for a stamp duty exemption on loan agreements and Memorandum of Transfer (MOT) where ‘white knight’ contractors are reviving abandoned projects with the original house buyers of abandoned housing projects be extended for a further five years to December 2025.
Mah Sing hopes DIBS will be considered in next national Budget
Leong commented that overall, Budget 2021 would help to alleviate the people’s burden in owning their homes, which indirectly stimulates the property market.
MIEA: Budget 2021 lacks property market stimulating measures but first-time homebuyers to benefit
MIEA president Lim Boon Ping expected the Budget to provide further property market stimulating measures and extension of incentives to the secondary market.
