PETALING JAYA – The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen. In Budget 2019, the…
PETALING JAYA – The government will allow the setting-up of property crowdfunding platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng today. The first exchange is expected to go live in the first quarter of 2019, after all necessary…
Main Economic Points from the Budget 2019 Federal Government Debt Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillion, which is about RM350bil higher than the amount officially disclosed by the previous government. Breakdown constitutes RM725.2bil in direct federal government debt, RM155.8 bil in committed…
KUALA LUMPUR – Pakatan Harapan government has no power to stop the sale of property under the Forest City project in Johor to foreign buyers, says Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah. “This is because the multi-billion project comes under the Johor government and is…
KUALA LUMPUR – Over half or 56.9% of respondents in an online survey conducted by The Edge ahead of the unveiling of Budget 2019 on Friday are of the opinion that the government should not raise tax revenue to pare down national debts. Altogether 2,643 respondents took part in the…
KUALA LUMPUR – It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue as its implementation will further dampen the property market, a real estate industry association said. The Association of Valuers, Property Managers, Estate Agents and…
PETALING JAYA – Budget 2019 will continue to be geared towards affordable housing policies. “It is likely to be rakyat-centric with emphasis on increasing homeownership especially among the B40 group, to help them own homes,” said Kenanga Head of Equity Research Sarah Lim. “I am not sure what kind of…
PETALING JAYA – Lending guidelines, stamp duty exemption for first-time homebuyers and properties below RM500,000, reduction of compliance cost and comprehensive homeownership campaign are among the wishlist of Mah Sing. “We appreciate the Government’s continuous efforts to promote homeownership, especially for first-time homebuyers. We are looking forward to the introduction…
