News about 2020

PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).

  PETALING JAYA (October 11): Rehda Institute chairman Datuk Jeffrey Ng is glad to see the government recognising the issues faced by first time homebuyers and offering solutions, including promoting Rent-to-Own (RTO) schemes to lower the entry barrier for them.

PETALING JAYA (Oct 11): Neutral.

  PETALING JAYA (Oct 11): While the government’s move to reinstate the maintenance of low and medium cost strata housing is laudable, it is likely that the state of these houses will fall back to square one if the real issue is not tackled, according to the Malaysian Institute of Property and Facility Managers (MIPFM).

PETALING JAYA (Oct 11): Budget 2020 is expected to improve the economy of Johor, according to KGV International Property Consultants Sdn Bhd executive director Samuel Tan.

  PETALING JAYA (OCT 11): The Real Estate and Housing Developers’ Association Malaysia (Rehda) hopes that more government incentives will be forthcoming to further spur the property market after the Home Ownership Campaign 2019 (HOC 2019) ends Dec 31, 2019.

PETALING JAYA (October 11): Master Builders Association of Malaysia (MBAM) president Foo Chek Lee believes that the infrastructure projects proposed under Budget 2020 which was tabled in Parliament today will help the construction industry and stimulate the growth of about 140 downstream industries.

PETALING JAYA (October 11): The price of properties in Penang will rise if the foreign buying threshold in the state is lowered, said Henry Butcher Malaysia (Penang) Asset Valuation executive vice-president for asset valuation Shawn Ong believes that  The Malaysian government announced a proposal in Budget 2020 to lower the foreign buying threshold for condominiums and apartments in urban areas from RM1 million to RM600,000 in 2020.

PETALING JAYA (OCT 11): Property developer Mah Sing Group Bhd is hoping that the government will consider continuous improvements to the Real Property Gains Tax (RPGT) policy to boost property market activity.

  PETALING JAYA (Oct 11): It is a very “low-profile” budget overall, observes the Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.