News about stamp duty

PETALING JAYA (Oct 12): The real property gains tax (RPGT) is still part of the Malaysian property market landscape, but Putrajaya has heeded public opinion and making enhancements by revising the base year of calculation.

  PETALING JAYA: First-time homebuyers in the secondary market can rejoice with the recent announcement of stamp duty exemptions.

KUALA LUMPUR (June 30): Putrajaya as agreed to extend the Home Ownership Campaign (HOC) for another six months from July 1, 2019 until Dec 31, 2019, the Minister of Finance Lim Guan Eng announced in a statement today.

KUALA LUMPUR: The stamp duty waiver on the instrument of transfer for first time home buyers announced in Budget 2019 will provide a boost to the current slow housing market, said Knight Frank Malaysia managing director Sarkunan Subramaniam.

PETALING JAYA (Nov 2):  The government has announced several measures in Budget 2019 aimed at raising homeownership among Malaysians.

SINGAPORE (Sept 26): On July 5, the government has acted to cool the red hot residential property market by introducing a fresh round of cooling measures, which included higher Additional Buyer’s Stamp Duty (ABSD) rates and tighter Loan-to-Value (LTV) limits.

PETALING JAYA (Sept 20): Sentosa Cove – Singapore's luxury waterfront enclave which recently appeared in the box-office hit 'Crazy Rich Asians' – was dealt another blow by higher stamp duty on foreign purchasers, further hurting the prospects of its already slow-moving real estate market, reported Bloomberg.

The government has acted to cool the red hot residential property market.

KUALA LUMPUR (Dec 21): The government's revised plan to maintain the stamp duty for luxury properties at 3% is positive for the property sector, according to MIDF Amanah Investment Bank Bhd Research.

PETALING JAYA (Dec 20): The government will not raise the stamp duty rate from 3% to 4% on the instruments of transfer (Form 14A) for properties worth over RM1 million from Jan 1, 2018, as announced in Budget 2017,  according to the Ministry of Finance (MoF).