Budget measures seen as boosting property sales

Showing strong interest: The crowd at Mah Sing’s sales preview of M Centura. The developer held simultaneous previews of three projects in the Klang Valley, Penang island and Johor over the weekend.

PETALING JAYA: Several measures from Budget 2018 are expected to boost the property sector, which has seen slow sales in the last few years.

Besides adding more numbers to the list of affordable housing under the different agencies, for the first time in 60 years, the Government has proposed a 50% tax exemption on rental income not exceeding RM2,000 per month from the 2018 to 2020 assessment. The Government has proposed the Residential Rental Act.