ZADC
Here’s what got the chop in the latest budget
BIG TICKET INFRA PROJECTS THAT HAVE BEEN EITHER AXED OR SHELVED There was plenty of trepidation in the lead up to Budget 2019, which was tabled on Nov 2. In weeks prior, the language from the government seemed cautionary, lowering our expectations for a closet full of candies as... Read more
Budget 2019: What’s in it for property?
SOLUTIONS IN SIGHT FOR HOME SEEKERS WHO HAVE LONG BEEN WAITING IN THE WINGS BY Zoe Phoon Finance Minister Lim Guan Eng tabled the Pakatan Harapan government’s inaugural budget in Parliament on Nov 2. This is the first federal spending plan by a new administration after 61 years following... Read more
LRT 3 is on, but at lowered cost
FOLLOWING A COMPREHENSIVE REVIEW, THE LIGHT RAIL TRANSIT PROJECT WILL LIKELY BE BACK ON TRACK BY NOVEMBER Here’s the good news for commuters: the Light Rail Transit 3 (LRT3) project will probably be back on the cards by November. The bad news, however, is this decision comes after contractors... Read more
New import steel tax protects local players, says minister
The introduction of safeguard duties on imported steel concrete reinforcing bar (rebar), steel wire rods and deformed bar in coils will not negatively impact local builders, says Second Finance Minister Datuk Seri Johari Abdul Ghani. “We have steel mills in the country, so if we allow these goods [to... Read more
Local developers a priority at Bandar Malaysia
In a follow-up to an advertisement published in local dailies last week, the key entities behind the 486-acre Bandar Malaysia project in Sungei Besi have stated that locally-based companies will be their first priority in when seeking joint venture partners. The RM200 billion project is jointly helmed by Ministry... Read more
High expectations for Budget 2017
BY Roznah Abdul Jabbar This week, Malaysians will once again be anticipating the national budget, with expectations of new measures to help them own their dream home. Property developers are mostly expecting the government to announce measures to ease the process for property buyers. Sunway Property, the property arm... Read more
Lion city not ready to lift cooling measures
Despite pressure from consumers, The Monetary Authority of Singapore (MAS) believes that it is still too early for the government to consider lifting the stringent property cooling measures currently in place. According to local news reports from the Island Republic, the managing director of MAS Ravi Menon said the... Read more