Malaysia: New budget measures expected to stimulate residential market

Residential transactions in the first half of 2019 declined 4.4% compared to the same period the year before. However, several government initiatives announced under the National Budget 2020 are aimed at stimulating the lacklustre property market, these include changes to property taxes and the lowering of foreign buyer price thresholds from RM1 million to RM 600,000 for unsold high-rise properties.

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