Will the 50% stamp duty cut make a real difference?
By Ong Wooi Leng
December 2014 UTTER ECONOMICS
While top earners in Malaysia can well afford properties, middle and bottom earners struggle to cough up the downpayment. A 50% rebate on stamp duty seems like a godsend to the latter two groups, but just how much exactly does ithelp?With the New Year comes a new policy aimed at easing the rakyat’s burden. Beginning January 1, 2015, a 50% rebate on stamp duty exemption for the transfer of residential property and loan agreement will be applied on firsttime house...
Ong Wooi Leng
heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.
