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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Career , property

Next In Business News

Asian stocks set for strongest annual jump in eight years on AI bets
China's factory activity edges back to growth in December, private PMI shows
Oil slips as Brent heads for longest stretch of annual losses in 2025
Bursa Malaysia poised to wrap 2025 on a multi-year high
Ringgit opens higher as US$ slips after FOMC minutes
Trading ideas: Genting, Sunview, Apex Healthcare, Cypark, Citaglobal, HeiTech Padu, Insas, Propel Global, Solar District, TT Vision, UEM Sunrise
S&P 500, Nasdaq end down in holiday-thin trade
Sunview unit takes over solar plant for RM70mil
Meta to acquire Chinese AI�startup firm
Cypark redeems RM235mil sukuk early

Others Also Read