Minimal impact from stamp duty discount, say analysts

KUALA LUMPUR: The property market stands to benefit from the recently announced stamp duty discount for properties priced above RM500,000, but its impact on the sector could prove tepid.

The government recently said it would reduce the stamp duty percentage for property valued in the RM500,000-RM1mil range to 1.5% from 3% under the Keluarga Malaysia Home Ownership Initiative (i-Miliki) campaign.