News about Budget

Previously, Budget 2023 was tabled on Oct 7 with a total allocation of RM372.

“Buying is very important right now, be it in the secondary or primary market.

“LBS views this positively as it stimulates home ownership and is beneficial for developments within these housing price bands, such as LBS’, whereby its properties are typically within the RM500,000 range.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has tabled Budget 2023 on Friday, Oct 7.

RM10 stamp duty on transfers of property by way of love between family members beyond husband and wife “shows the government’s soft spot for the family unit and will be a welcome move”.

The National House Buyers Association (HBA) acknowledges the challenges faced by our Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz in tabling the national Budget 2023 on Oct 7, in view of the post Covid-19 pandemic affecting the global and regional economies as well as the financial health of Malaysia.

It will benefit a wider pool of buyers, especially the upgraders, said Rehda president, Datuk NK Tong.

Buyers of houses priced between RM500,000 and RM1 million will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023.

Meanwhile, the government has proposed a stamp duty fee of RM10 on transfers of property by way of love and affection between family members, such as husband to wife, father to child, or grandfather to grandson.

Calls for HOC to be extended to secondary market It is that time of the year again, but with a heightened sense of anticipation this time round.