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.
Rent-to-own financing scheme to be introduced
Finance Minister Lim Guan Eng in tabling Budget 2020 in Parliament today said the government will offer this scheme in collaboration with financial institutions.
FLASH: Rationalization process of Pan Borneo Highway generated RM1.2b in savings
The savings enable the Government to plan for other projects to drive economic growth including Sabah and Sarawak such as the 165km Trans Borneo Highway connecting Sabah and Sarawak to East Kalimantan.
FLASH: Bridging the urban, rural gap
For 2020, about RM587 million will be allocated for the Rural Water Supply Project, of which RM470 million is for Sabah and Sarawak to meet the 99% target of access to clean water.
FLASH: RM10m for joint Government-UN Sustainable Development Goals
RM10 million towards a joint Government-UN Sustainable Development Goals (SDG) fund to co-finance SDG initiatives in Malaysia.
