News by M

The weaker ringgit may cause property prices to increase due to higher cost of building materials expected in the next three to six months. This may further weaken the already poor market sentiment.

Consultants and agents weigh in on the lack of tax initiatives in Budget 2016 for the first-time homebuyer

Several recommendations by the property sector have been incorporated in Budget 2016 but not sufficiently

Property consultants take encouragement from transport initiatives, but are on the whole unimpressed by Budget 2016

According to group managing director Tan Sri Leong Hoy Kum, the government’s continued efforts to make the high-speed rail a reality and its commitment to improve highways, MRT and LRT will directly benefit Mah Sing since 61% of the company’s landbank in terms of gross development value is in Greater KL.

Mixed reactions from the two bodies

Here are some reactions to the Budget announcement

The news is not entirely a surprise to us as we had reduced our FY15 sales estimate earlier in August to RM1.31 billion. However, the amount of reduction is higher than expected as management is now targeting only RM1 billion of sales.

The unit types available include 1-bedroom, 2-bedroom/1-bathroom, and 2-bedroom/2-bathroom apartments with built-ups ranging from 82 sq m to 181 sq m.