{"id":3754,"date":"2012-09-01T00:48:51","date_gmt":"2012-08-31T16:48:51","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=3754"},"modified":"2024-11-01T11:07:01","modified_gmt":"2024-11-01T03:07:01","slug":"budget-2013-more-policies-to-control-house-prices-and-reduce-speculation","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/budget-2013-more-policies-to-control-house-prices-and-reduce-speculation\/","title":{"rendered":"Budget 2013: More Policies To Control House Prices And Reduce Speculation"},"content":{"rendered":"<p><a href=\"https:\/\/www.nbc.com.my\/blog\/budget-2013-more-policies-to-control-house-prices-and-reduce-speculation\/\" rel=\"attachment wp-att-3755\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-3755\" title=\"Affordable House\" src=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money.jpg\" alt=\"\" width=\"270\" height=\"180\" srcset=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money.jpg 300w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money-105x70.jpg 105w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money-150x100.jpg 150w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money-24x16.jpg 24w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money-36x24.jpg 36w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/09\/1343678_house_and_money-48x32.jpg 48w\" sizes=\"(max-width: 270px) 100vw, 270px\" \/><\/a>Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation.<\/p>\n<p><strong>Housing and Local Government Minister Datuk Seri Chor Chee Heung<\/strong> said most Malaysians felt today&#8217;s property prices were \u201cfar too high\u201d and wanted the Government to see to this.\u00a0<!--more--><\/p>\n<p>\u201cWhen the Prime Minister launched the online Budget 2013 interactive platform to gather feedback from the rakyat, he received almost 3,000 suggestions to control house prices,\u201d Chor said at the 15th National Housing and Property Summit.<\/p>\n<p>\u201cTo overcome this, and ensure the sustainability of this sector, there is a strong need for better Government policies to ensure reasonable and affordable property prices in the country,\u201d he said.<\/p>\n<p>Chor said last year&#8217;s Budget had in it measures to curb speculative activities within the property market such as the review of the real property gains tax and the implementation of a maximum loan-to-value ratio of 70% for third properties.<\/p>\n<div style=\"display: block; float: right; margin: 8px 8px 8px 8px;\"><script type=\"text\/javascript\">\/\/ <![CDATA[\ngoogle_ad_client = \"ca-pub-0977930978369856\"; \/* NBC Blog Content 300x250 *\/ google_ad_slot = \"6941255881\"; google_ad_width = 300; google_ad_height = 250;\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\/\/ <![CDATA[\n\/\/ ]]><\/script><\/div>\n<p>\u201cHowever, these measures failed to be fruitful and in moving forward, the Government won&#8217;t hesitate to tighten the fiscal policies to curb property speculation and ensure reasonable and affordable property prices.\u201d<\/p>\n<p>Quoting the Household Income and Basic Amenities Survey Report 2009, Chor said 58% of households in the cities earned less than RM4,000 per month including 44.5% earning less than RM2,500.<\/p>\n<p>Chor said the Government was expected to allocate more affordable housing projects such as the People&#8217;s Housing Project (PPR) and the 1Malaysia People&#8217;s Housing Project in the coming Budget.<\/p>\n<p>He added that the maximum household income of RM2,500 eligibility for PPR houses might be too low nowadays.<\/p>\n<p>\u201cPerhaps the maximum eligible household income for PPR houses can be increased to RM3,000,\u201d he said.<\/p>\n<p>Source: <a href=\"http:\/\/thestar.com.my\/news\/story.asp?file=\/2012\/8\/29\/nation\/11927720&amp;sec=nation\" target=\"_blank\" rel=\"noopener\">The Star Online<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation. Housing and Local Government Minister Datuk Seri Chor Chee Heung said most Malaysians felt today&#8217;s property prices were \u201cfar too high\u201d and wanted the Government to see to this.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":3755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[162],"tags":[140],"class_list":["post-3754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-malaysia-tax-budget","tag-budget-2013-malaysia"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3754"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=3754"}],"version-history":[{"count":1,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3754\/revisions"}],"predecessor-version":[{"id":6595,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3754\/revisions\/6595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media\/3755"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=3754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=3754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=3754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}