Will the 50% stamp duty cut make a real difference?

By Ong Wooi Leng

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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...

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Ong Wooi Leng

heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.