Budget lacks measures to revive property slowdown


Siders: ‘Right now, PR1MA housing is facing various challenges, the biggest being the scarcity of land.’

PETALING JAYA: Despite the measures tabled, Budget 2017 has “missed out” on the opportunity to revive the slowdown in the property market, according to various property consultants.

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said while it is noteworthy of the government to say it will release land at its disposal for affordable housing, the land should be quickly identified and allocated for affordable housing.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Career , property

   

Next In Business News

DRB-Hicom focuses on digital transformation
FBM KLCI falls for third day, weighed down by Tenaga, YTL stocks
Oil prices climb as geopolitical tensions outweigh US inventories
Indonesian rupiah at three-month low; Asia stocks drop on Russia-Ukraine tensions
PM Anwar: Value of Malaysian business ventures in Vietnam exceeds US$13bil
Bank Rakyat issues inaugural RM500mil Asean sustainability SRI sukuk
China to beef up offshore wind power
Dyson dials back Malaysia hairdryer operations, redeploys staff
Starbucks considers selling stake in Chinese business, Bloomberg News reports
Asian stocks stutter as Nvidia's forecast disappoints

Others Also Read