News by Edgeprop.my

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.

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.

“We know that no job is fully ‘safe’ at the moment and therefore a nudge towards prudence in spending would be more appropriate.”

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".

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.

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 president Lim Boon Ping expected the Budget to provide further property market stimulating measures and extension of incentives to the secondary market.

Rehda Malaysia president Datuk Soam Heng Choon: Rehda welcomes the [stamp duty exemption for first residential home] as part of the government’s initiative to encourage homeownership amongst the Rakyat, which was also our Budget Wish list to the government.