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“The MRT project is currently already at an advanced stage and should be implemented soonest.

In comparing the revised budget and the previous October budget, the honorary secretary-general of HBA Datuk Chang Kim Loong has expressed the association’s support, concern and disappointment on matters relating to the Malaysian property sector.

Anwar stressed the government’s aim is to alleviate the rakyat’s struggles amidst the economic challenges, while ensuring a sustainable fiscal growth for the nation.

Share of results of JVs shot up to RM225.

The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

“We reiterate that should the issue be left idle for too long it will have an adverse impact on house prices in the open market.

“This effort [to reduce the price] is in line with the renewed drive to improve governance, to reduce the procurement cost to achieve savings that can be shared for the benefit of the rakyat.

“The Madani Budget must have the ability to bring together all the strengths to be translated into new solutions.

These financial commitments, together with other commitments of projects under public private partnership (PPP) and private financing initiatives (PFI), will form part of the government’s RM97 billion development expenditure (DE) in 2023.

Trading in the Practice Note 17 company's shares has been suspended since Nov 8 last year, pending the submission of the FY2022 annual report and 1QFY2023 financial report.