Estate agents: Budget 2020 below expectation especially on RPGT
“Overall it is a good budget, although it is slightly lower than my expectations, especially on the RPGT because I expected more.”
Those earning over RM2m a year to be taxed 30%
“This increase will affect approximately 2,000 top income earners in the country,” Finance Minister Lim Guan Eng said while tabling Budget 2020 today.
Cabinet approves takeover of KESAS, LDP, Sprint and SMART Tunnel
Lim has previously said, in Parliament, that the government will fund its takeover of the four highways via bond issuances.
Govt to proceed with Bandar Malaysia
It was not immediately revealed how much the project will cost this time.
Budget 2020: RPGT base year to be revised
The revision was in response to the people's views on the RPGT, said Lim Guan Eng.
Budget 2020's real estate highlights
From RTO to lower foreign buying threshold in urban areas, here is a snapshot of how the budget will impact the real estate segment
Budget 2020: Lower threshold for foreign purchases
In response to this, property developer Titijaya Land Bhd said it welcomed the move.
Rent-to-own financing scheme to be introduced
Finance Minister Lim Guan Eng in tabling Budget 2020 in Parliament today said the government will offer this scheme in collaboration with financial institutions.
Federal Govt widens 2020 fiscal deficit target to stimulate growth
However, the overall deficit in 2020 is expected to be lower compared with 3.4% in 2019 with fiscal consolidation remaining on its trajectory and the debt position at a manageable level.
Malaysia's total debt, liabilities rose to RM1.17t as at end-June
In contrast, federal government debt as at end-2018 stood at RM741 billion (51.2% of GDP), while committed guarantees added up to RM132.7 billion (9.2% of GDP).
