IPOH: With a total of 76.9% of Malaysians owning a home to date, the government hopes to see the numbers increase following the stamp duty exemptions for first-time house buyers, says Nga Kor Ming.
The Local Government Development Minister said the ministry hopes that every Malaysian has a place that they could call home, and made this proposal to the Finance Ministry.
“We want to make sure every Malaysian owns a home; we want to make sure that they have shelter, and a roof above their head. He also announced six development projects worth RM3.46mil, including upgrading the market’s infrastructure, roads, drains, and gutters at several other areas. It said a 75% stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1mil under the initiative.
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