Property sector cautious amid ‘bubble’ talk, new housing policy

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said if at all the inheritance tax were recommended in the 2019 Budget, the minimum threshold should be RM10mil and the inheritance rate at 5% of RM10mil and above.

THE property market, which has been facing strong headwinds in the past couple of years, continues to be on high alert amid continued discussions of a possible “bubble” and the Government responding in kind to introduce a new national housing policy.

The continued talk on the supposed bubble has kept investors, both in the property market and in the stock market, at bay causing valuations in the latter to be depressed.