New govt voices support for stamp duty exemptions given to first-time home buyers
The new government is supportive of the 50% stamp duty exemption given to first-time home buyers for the transfer of residential properties priced between RM500,000 and RM1 million, said Local Government Development Minister Nga Kor Ming.
Time to make ‘strata titles with vacant possessions’ a reality
In 2013, the Parliament passed the Housing Development (Control and Licensing) Act, 1966 (amended 2012) and the Strata Titles Act, 1985 (amended 2013) with a major change to the laws on the issuance of strata titles.
Pent-up demand will boost residential property sales in 2023
The demand for residential property remains resilient and the pent-up demand will result in improving sales in the first to the third quarter of 2023 in the segment, said property consultancy Savills Malaysia.