Investments in new infrastructure under Budget 2021 will open up new neighbourhoods for housing that are currently too poorly served by transit, says Juwai IQI group chief executive officer Kashif Ansari.
Kashif said the investments in Klang Valley’s Mass Rapid Transit Line 3, the Kuala Lumpur-Singapore high-speed rail, and Johor Bahru-Singapore Rapid Transit System will have multiplier effects as billions of ringgit would be injected into the economy and creating jobs.
He said the government has also focused on the policies that will best help first-time house buyers.
The critical property-specific measures are RM1.2 billion for low-income house buyers, the rent-to-own scheme, and stamp duty exemptions on both the instrument of transfer and loan agreements for first time home buyers with property worth up to RM 500,000.
