Buyers of houses priced between RM500,000 and RM1 million will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023.

The increase in remission will be effective until Dec 31, 2023, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

The Budget 2023 is seen as a pre-election budget, and the government is expected to take positive steps with measures to boost the property market, which has ailed along with the Covid-19 pandemic.

Master Builders Association Malaysia (MBAM) has announced its Budget 2023 wishlist, urging the government to boost the construction sector with more projects, according to a statement released on Monday (Sept 26).

Budget 2023 needs to make homeownership affordable for the ordinary rakyat to have equity in this country.

Malaysia’s inflation may have peaked in August as the impact of price adjustments for various price-administered items and minimum wage hikes could have been fully reflected since May, said economists.

After returning to the black in the second quarter ended June 30, 2022 (2QFY22), Bina Darulaman Bhd (BDB) said that it is a must for the group to post a profit for the full financial year.

It is “still possible” to buy a home in one of Australia’s coastal towns if you do not have more than A$600,000 (RM1.8 million) to spare.

There is a possible overhang for the construction sector amid the looming 15th general election (GE15), said RHB Research.

The government has not reached a stage where it would need to reintroduce the goods and services tax (GST), said Deputy Finance Minister I Datuk Mohd Shahar Abdullah.