Weekly Industry News Update (12 October 2022)

Budget 2023 wish list – Release government agencies’ and GLCs’ surplus land for affordable housing joint ventures

It is that time of the year again, but with a heightened sense of anticipation this time round. 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.

Stamp duty reduction will not boost transactions for residential sector, says MIEA

While welcoming the 25% discount off stamp duty on memorandum of transfer (MOT) for properties between RM500,000 to RM1 million for first time homebuyers, the Malaysian Institute of Estate Agents (MIEA) is of the view

MBAM would like more govt assistance to revive construction sector

The Master Builders Association Malaysia (MBAM) would like the government to provide more assistance to revive and sustain the construction industry.