THE recent budget tabulation is a positive move towards encouraging house buyers, particularly first-timers, to own their first home, according to Jeffrey Cheah Institute of Southeast Asia Economic Studies Programme director Dr Yeah Kim Leng.
“This incentive is provided for purchases in the first six months of 2019. The sizeable stamp duty savings together with the price reduction promised by developers due to the abolishment of the GST will have a positive impact on consumer confidence as the lower price and budget incentive are expected to spur sales,” he said.