‘Home prices in Penang still too high’


Looking out: Muhammad Zainulariff (right) checking out a model of a newly- launched housing area in Penang. — ZHAFARAN NASIB/The Star

GEORGE TOWN: Despite a 100% exemption on the stamp duty for houses below RM500,000, first-time buyers in Penang feel that home prices are still too high.

Civil servant Muhammad Zainulariff Ahmad Sarbri, 28, said although the exemption was welcome news for him, he was still unable to afford a decent house in Penang, especially on the island.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
stamp duty , exemption , house buyers , property , Penang

Next In Nation

Sarawak floods: 1,603 evacuees remain in relief centres this morning
PM Anwar extends prayers and well-wishes to Sultan of Brunei
Traffic enforcement officers to adopt zero-tolerance towards graft, power abuse, says Bukit Aman
Prehistoric remains return
Jumbo herd wrecks crops
Retirement benchmark feels like distant goal for most M’sians
Melaka Sentral upgrade by year-end
More Malaysians being employed, says Ramanan
A costly challenge for Kinabatangan hopefuls
‘No immediate impact’

Others Also Read