Budget 2023: Reactions from property and construction sectors

Leong: We applaud the government’s measure in continuing with the exemption of stamp duty for first home ownership with full exemption on properties worth below RM500,000, and 75% of stamp duty on the sales and purchase agreements of properties priced between RM500,001 to RM1mil. 

Tan Sri Leong Hoy Kum, founder and group managing director of Mah Sing Group Bhd

Mah Sing Group Bhd applauds the government's expansionary budget to stimulate the economy by allocating the largest ever budget allocation of RM388.1bil.