Kuala Lumpur City Hall (DBKL) will utilise the RM10 million allocated in Budget 2025 to carry out an underground utility mapping study in the federal capital’s golden triangle, said Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.

Prime Minister Anwar Ibrahim (pictured) today presented the Budget 2025 in the Dewan Rakyat. The budget, themed “MADANI Economy: Prosperous Nation, Well-being of the People”, is the largest in the country’s history, with a total allocation of RM421 billion, surpassing the previous year’s budget of RM393.8 billion.

The National House Buyers Association (HBA) views the incentives announced in Budget 2025 on affordable housing and homeownership with high optimism and anticipation.

China’s massive investments in semiconductors and data centres in Southeast Asia have made Malaysia a prime destination. With its strong electronics industry and proximity to Singapore, Malaysia has attracted significant Chinese investments in these sectors.

Only non-landed properties located in Selangor fall under the healthy house price-to-income ratio (HPIR) among all the types of residential properties in different districts across the Klang Valley.

Noteworthy:

• Leasehold
• Built-up size: 7,233 sq ft
• Unfurnished
• Nearby amenities: MRT 16 Sierra, MRT Cyberjaya City Centre, Taylor’s International School Puchong, residential communities, small businesses, and F&B outlets
• Accessibility: Putrajaya-Cyberjaya Expressway, ELITE (Putrajaya Link), LDP, Kesas, NPE, SKVE

When: June 2024

An inheritance tax will only be a burden to the family’s heirs, and particularly stifling to lower income or middle-class children of well-to-do parents who would have to bear the possibly excessive tax they are suddenly ladened with due to the property they inherited.

Noteworthy:

• Freehold
• Built-up size: 8,880 sq ft
• Floor level: penthouse
• 7 bedrooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: 1 Mont Kiara, Sunway 163 Mall, Mont’Kiara International School, Publika Shopping Gallery, Malaysian International Trade & Exhibition Centre (MITEC)
• Accessibility: Jalan Duta-Sungai Buloh Highway, SPRINT Penchala and Kerinchi Link, NKVE, DUKE, Jalan Tuanku Abdul Halim

When: March 2024

He said the negotiations involved the construction of components for the first segment of the project, namely from Silicon Island to Komtar here.