News about buyers

A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.

The association also wants the creation of a Housing Index “as different states and localities have different standards or definitions of affordable housing.

There are various laws that are applicable to the housing development, but there are still weaknesses in the control, implementation and enforcement of these laws.

If they have failed miserably in their gatekeeping role, how can they now be entrusted to revive sick and abandoned projects? KUALA LUMPUR (March 19): When the new Minister of Local Government Development Nga Kor Ming took office, he vowed to “scrutinise every sick and abandoned housing project”.

In comparing the revised budget and the previous October budget, the honorary secretary-general of HBA Datuk Chang Kim Loong has expressed the association’s support, concern and disappointment on matters relating to the Malaysian property sector.

Developers must provide purchasers with a full set of detailed approved documents of the property in the sale and purchase agreement.

Since 2013, banks have somehow been “selling” and “billing” the security documents to lawyers for prices ranging between RM100 and RM600.

This issue of “vacant possession simultaneously with strata titles” has somehow been delayed these last few years since its inception because of some alleged technical problems.

Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.

Talks of the government wanting to promote second-generational loans or dual-generation housing loans are rife, but what is the cost to the rakyat? Doubtless, Malaysia is currently facing a housing crisis where the majority of the rakyat cannot afford to buy their first homes.