Higher stamp duty exemption a good move, says Rehda

PETALING JAYA: Property developers have welcomed the increased stamp duty exemption to 75% (from 50%) for first-time homebuyers for residential units priced above RM500,000 to RM1mil, which will end on Dec 31, 2023.

The Real Estate and Housing Developers’ Association or Rehda Malaysia president Datuk NK Tong said this would complement the previous 100% stamp duty exemption for the memorandum of transfer for houses priced RM500,000 and below until end-2025.