Penjana’s measures help property market to recover to pre-Covid-19 levels | Malay Mail

Monday, 15 Jun 2020 05:55 PM MYT

In a statement today, he said the deficit spending approach taken by the government is an established strategy in addressing potential recession trends, laying the foundation for the property market to return to pre-Covid-19 crisis levels. He said the pre-crisis asking prices were on the uptrend in May, as the web traffic for properties priced from RM501,000-RM700,000 and RM701,000-RM1 million on PropertyGuru.com.my grew by 10.4 per cent and 12.7 per cent, respectively.

“However, some clarity is required when executing these provisions. Do stamp duty exemptions apply to new launches as well as overhang units? If so, it may be difficult to reduce the overhang even with HOC 2020,” said Fernandez.

Nonsense! MOFmalaysia has not done anything worthwhile for the property market! tzafrul_aziz has no clue. The market will utterly collapse once the loan repayments moratorium ends. BNM_official will be raking up non performing loans at a never before seen rate! Get ready.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Austria plans investment subsidy, tax breaks for Covid-19-hit firms | Malay MailZURICH, June 14 — Austria plans extra investment subsidies and tax breaks to help companies hit by the coronavirus pandemic, Economy Minister Margarete Schramboeck said today. Companies that commit to investments in the next six months could get 14 per cent of it back as a subsidy, she told...
Source: malaymail - 🏆 1. / 86 Read more »