Summary
THE PROPERTY sector is coming alive, at least if the rise in property stock prices on the market is a reliable indicator. Fundamentally, more and more research houses are touting the sector to be one of the big winners of the government's pump-priming measures under the Ninth Malaysia Plan (9MP). Incidentally, the stars may also be shining on the sector.
Recall that in the March 1, 2007 issue of Malaysian Business, it was highlighted that there is a consensus among Feng Shui gurus that the property and construction sector may well shine the brightest this year, and that they are likely to come charging out in the `Year of the Boar'. With the sector having been in the doldrums for the last couple of years, the promise of a resurgence seems to have excited investors looking to capitalise on any gains by getting into the theme early.See the full content of this document
Extract
Property Cheer
To be sure, the government has taken a number of positive steps in liberalising the property sector lately, although more may have to be done to boost further confidence among property purchasers and attract foreign buyers. Among the latest measures was the announced by the government on April 13, where it said it would shorten the development approval time from the current one to two years to just six months.
In addition, to encourage housing developers to adopt the 10:90 Build- Then-Sell (BTS) concept, the government said it would also offer incentives such as exemptions from payment of the RM200,000 deposit for a housing developer's licence and the removal of the 30% low-cost quota for housing development. Just before the above measure, the government had ...See the full content of this document
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