Property Information

BUDGET 2017 COMMENT The National House Buyers Association (HBA) secretary general Chang Kim Loong

The National House Buyers Association (HBA) acknowledges the challenges faced by our honourable Prime Minister (PM) in tabling Budget 2017 on Friday, 21st October, 2016 in view of the slowdown in the global and regional economies and also the steep drop of the Ringgit. We are grateful that out PM did not heed the advice from business groups with vested interest to relax some of the cooling measures announced previously to stem excessive speculation such as lowering the Real Property Gains Tax or re-introducing the Developer Interest Bearing Scheme for first time house buyers. We are indeed glad that a ‘status quo’ (an existing state of affair) was retained through the wisdom of our PM. The positive take from Budget 2017 in relation to property, in particular Affordable Home are as follows:...Read More

Affordable housing: How to own it?

Dream home: HBA has consistently called for government intervention to prevent a ‘homeless generation of young adult Malaysians’ from emerging, especially in urban and sub-urban areas, who, if not for wild speculation, would have been able to buy their own houses. THE National House Buyers Association (HBA) acknowledges the challenges faced by our Prime Minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and also the weaker ringgit. HBA’s wish list to stem excessive speculation in the property sector that had caused the unbridled escalation of property prices will continue. We have also to continue to challenge some ill-concocted ideas that may prey on laxity by some departments. It was for this purpose that HBA accepted the invitation by the Financ...Read More