In the Star today, the newspaper reported that the budget could have goodies for the potential property buyers. A home for every Malaysian - that will be the main agenda for Budget 2008 that will be unveiled by the PM Datuk Seri Abdullah Ahmad Badawi at the Dewan Rakyat today.
A home-financing scheme is expected to be announced to allow wider house ownership. It is regarded as the Government's commitment to ease the housing burden of Malaysians, especially for the lower and middle-income groups. The home-financing scheme could possibly be made through monthly deductions through the EPF. There could be further cuts in stamp duties as well, which made up a substantial amount of expenses for buyers.
My 2 cents - These are real goodies especially for those who are potential first-time buyers (like me!! :) ). The move to allow deduction from EPF bodes well with the buyers as well as the developers. If it turns into reality, then property counters would see a boost in their coffers for the long run. Note that property counters for the past week have been rising steadily. I guess, long term players could start accumulating on weakness.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment