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

The Malaysian Association of Hotels (MAH) said the tourism and hotel industries are deeply concerned with the lack of immediate assistance to stakeholders suffering from reduced cash flow due to both domestic and international travel restrictions. 

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".

Full stamp duty exemption on Memorandum of Transfer and loan agreement for the first home priced below RM500,000. This is for agreements inked from January 2021 to December 2025

It is noteworthy that UK house prices soared to record highs last month since 2016 August despite the Covid-19 crisis, with market observers attributing this to the stamp duty cut and pent up demand.

This, the REIT said in a filing yesterday, was due to a lower revenue amid the Covid-19 pandemic, which was however partly cushioned by lower property operating expenses of RM25.49 million versus RM58.40 million previously.

These include small projects, infrastructure development, and rehabilitation of facilities which the government has budgeted RM3.1 billion for their implementation.

Demands are shifting, and a house is today more than just a roof over the head for many — it is part of their lifestyles. Developers know they have to step out of their comfort zones, be flexible and adapt to the discerning homebuyers’ ever-changing wants and needs.

The silver lining is that the gradual resumption of several major infrastructure projects, such as the East Coast Rail Link, Mass Rapid Transit 2, Pan Borneo Highway, Bandar Malaysia, and Johor Bahru-Singapore Rapid Transit System, will help provide some growth support.

In the Budget 2020 announcement last Friday (Oct 11), Finance Minister Lim Guan Eng said the Cabinet has approved the takeover four Klang Valley highways, which will be funded via government-guaranteed borrowings.