Whilst Budget 2017 was lauded for its progressive measures in terms of providing low-cost housing, many also felt it was a let-down, especially listed property developers who were looking for more stimulus to prop up the market. Negative surprises include an increase in stamp duties from 3% to 4%, as well as the absence of any easing in lending policies for home buyers. 

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Tags:  Malaysia equities,  Budget 2017,  OPR,  Bank Negara