‘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.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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stamp duty , exemption , house buyers , property , Penang

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