MPIG
  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册

News Updates & Article sharing

What Does It Means "The Budget 2017" to You?

10/24/2016

0 Comments

 
Budget 2017, what does it menas to property? 
A disappointment for most investor and developers as nothing is moving this direction thought market is soft and bank loan is strict. 

Under the new budget, there will be a 100% exemption of stamp duty given, but only for properties priced no more than RM300,000 which not many people is affected. In fact, its reducing the people who are beneficial from this group. Presently, a 50% exemption is given for the purchase of homes that are priced no more than RM400,000. From summarize, government need more people to submit stamp duty.

What I think, if government wont able to help, Developer will do something to help themselves. Don't you think so? Do you think they want their real estate business just going downwards? 
I do think you will get some surprise projects either its very low price or psf. Unless they dont want to focus their business in Malaysia or focus on their non real estate business. The developer may be slowing down in terms of new launches but they still need new sales to move forwards. That's the business nature. But from lately movement, you can see there is more projects launching after cooling down for the first half of the year. Lets see the review from The Edg​e Properties.
Picture

Budget 2017 a let-down for property players​


KUALA LUMPUR (Oct 24): Property developers who were anticipating measures to spur the sluggish property market from Budget 2017 last Friday came away disappointed, as there were no clear incentives for them.

In fact, the property market may be worse off going forward, as the stamp duty for purchases of properties priced above RM1 million will be raised to 4% from 3% from Jan 1, 2018, which would discourage the purchase of high-end properties, an analyst tied to a local research house told The Edge Financial Daily.

There were measures announced to address the issue of affordable housing targeted for the bottom 40% of Malaysian households whose income is at RM3,900 and below, which were expected.

But these measures are mostly specific to PR1MA or Perumahan Rakyat 1Malaysia projects — for homes priced at RM300,000 or below — with no indication that it will be extended to private property players.
Other notable measures introduced included the provision of strategic vacant government lands to government-linked companies and PR1MA for the development of more affordable homes priced between RM150,000 and RM300,000, and the development of 10,000 houses to be rented to eligible youths at a below-market rate, for up to five years. Again, not for private players.

Not surprising then, that immediately after the budget was tabled last week, the Real Estate and Housing Developers’ Association Malaysia (Rehda) called on the government to extend the affordable housing incentives to private developers too.

“In areas where PR1MA is not present, we hope that this incentive can be given [to private developments] as long as the [price] threshold of these houses is the same,” Rehda president Datuk Seri FD Iskandar told reporters last Friday.

Under the new budget, there will also be a 100% exemption of stamp duty given, but only for properties priced no more than RM300,000. Presently, a 50% exemption is given for the purchase of homes that are priced no more than RM400,000.

While the above measures address some social housing needs, the analyst said they will provide no boost to listed property developers, as many do not have properties in the RM300,000 and below range.
“The listed big-cap property developers — those with a market capitalisation of more than RM3 billion — were expecting more from the budget. They anticipated an easing in lending policy and a higher allocation for the purchase of homes under Account 2 of the Employees Provident Fund for first-time buyers,” said the analyst.

These were clearly not in the budget. There was also no change to the real property gains tax rate, while the developers’ interest-bearing scheme was still not allowed to make a comeback.

“Overall, the budget was not very helpful to listed players. Stock prices of property developers climbed prior to the budget — most thought it would be a boost for the segment. So there may be some weakness in the counters going forward.

“We expect the local property market to remain subdued going forward,” he added.
S P Setia Bhd president and chief executive officer Datuk Khor Chap Jen also noted the lack of incentives to stimulate the subdued property market.

“We are happy that the government will make financing easier and more accessible, and is looking at reducing the loan rejection rate for first-time home buyers.

“Nevertheless, we noted that the government did not introduce broader incentives to spur the soft property market and has a proposal to increase stamp duty for properties above RM1 million,” said Khor.
Similarly, property consultancy ExaStrata Solutions Sdn Bhd’s chief real estate consultant Adzman Shah Mohd Ariffin said the budget was below expectations.

“Generally, the budget gives a lot more emphasis on affordable housing with more units being developed and a better end-financing scheme. However, the lack of goodies for the real estate market will not augur well,” he said.

On the higher stamp duty rate for homes above RM1 million, Adzman said this will dampen the high-end market, though he noted that there is still a window for transactions in 2017.
“Maybe this was done to encourage transactions in 2017,” he mused.

Mah Sing Group Bhd is one of the few which have decided to view the stamp duty rise in a more optimistic light.
“For those who have the intention of buying higher-end homes, the stamp duty increase from 3% to 4% for homes priced more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018.
“Some of our remaining units in M City in Jalan Ampang, Aspen @ Garden Residence and Icon Residence, Mont Kiara, will benefit from this, as buyers will be driven to make a faster purchase in order to not be charged the higher stamp duty rate,” said its group managing director and group chief executive Tan Sri Leong Hoy Kum in a statement.

​This article first appeared in The Edge Financial Daily, on Oct 24, 2016
0 Comments



Leave a Reply.

    MPIG News 

    In this section we will be sharing on articles & news update related real estate and some other interesting topics.

    Archives

    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    May 2020
    April 2020
    March 2020
    February 2020
    November 2019
    October 2019
    July 2019
    May 2019
    April 2019
    March 2019
    February 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    December 2014

    Categories

    All

    RSS Feed

Thank you for visit our website. We proudly present you our official MPIG homepage.
We wish you a pleasant experience on surfing the website.


Hours

M-S: 9.30am - 9pm

Telephone

+60 12 3760864

Email

mpighome@gmail.com
  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册