PETALING JAYA: The resumption of the stamp duty exemption allocated by the government for first-time house buyers has seen some welcoming it as a boost towards property ownership.
They say the initiative also made the prospect of owning their first home much more affordable, given how the stamp duty savings could now be used towards furnishing the house and for renovation.
“Since my husband and I both work in the Klang Valley, it greatly helps if we can get a home with a minimum 15-20 minute drive to our workplace while also being accessible by public transport,” she said. “Rental houses where I currently live generally cost between RM2,000 and RM3,000 monthly, but with house ownership, the monthly cost goes up to between RM4,000 and RM6,000, which is double the rental cost,” he said, adding that he opted for his current location due to convenience and familiarity.
“Property prices are really soaring now. The exemption, if applicable towards those with rent-to-buy properties, could make things more affordable and encourage first-time home buyers like myself to own our first home,” he said.
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