CBRE|WTW group managing director Foo Gee Jen has expressed optimism about the local property market despite the global pandemic and its impact on the economy.
“The market has been moving like a crab since 2014. But the issue is, are our homes expensive or salaries too low?” Meanwhile, Juwai IQI Holdings global chief economist Shan Saeed pointed out that the Straits of Malacca was one of the most important shipping waterways in the world and would continue to make Malaysia a vital trade destination for global powerhouses such as China.The full-day summit was organised by KSI Strategic Institute for Asia Pacific and co-organised by FIABCI Malaysia.
Meanwhile, the exemption on the instrument of transfer is limited to the first RM1mil of the home price, while full stamp duty exemption is given on loan agreement effective for sales and purchase agreements signed between June 1 and May 31,2021.