What Will Budget 2008 Bring?
So what will the budget bring for homebuyers and investors next year?
Good news or bad news?
With each passing year, property and it’s close cousin, construction, play a bigger and chunkier role in the nation’s economy, Malaysians eagerly wait for the budget announcement. Realistically, we hope there will be good news in the forms of more tax breaks and incentives for buying and selling medium cost homes. While luxury homes is where the big money is for developers, most Malaysian do not participate in buying homes in the excess of RM1million, so we hope that there will be goodies for more people to share.
Construction is badly hit with rising prices of materials (like steel) and strangely enough, material shortage (like the recent puzzling cement shortage). Construction costs directly affect home prices, so we hope that there will be some positive changes in that aspect.
So we wait for the announcement.
