(1) RPGT
RPGT exemption for disposal of residential homes between 1 June 2020 to 31 December 2021
Limit to 3 properties per person
Key word:
- Residential
- 1 June 2020 to 31 December 2021
(2) Loan Margin
Limit of maximum 70% margin on financing for 3rd Propery is lifted during the Home Ownership Campaign (HOC), for purchase of properties above RM600,000
Whether a buyer can get loan financing above 70% for the third property depends on the bank.
Previously banks are prohibited from giving above 70%, now this restriction is lifted.
Key word:
- above RM600,000
- subject to credit approval by individual banks
(3) Stamp Duty on Loan
100% waiver of stamp duty on loan agreements for SPAs signed between 1 June 2020 and 31 May 2021.
But developers must first give a minimum 10% discount to the properties.
Key words:
- minimum 10% discount by developers
- only residential properties
- priced between RM300,000 and RM2.5 million
(4) Stamp Duty on Instrument of Transfer
- limit to the first RM1 million of the home price
- not a full waiver
- anything above RM1 million still attracts stamp duty on the MOT.
Key words:
- home priced between RM300,000 and RM2.5 million
- residential
- SPA signed between 1 June 2020 and 31 May 2021
- minimum 10% discount by developers
Objectives
- to stimulate the property market
- provide financial assistance to home buyers
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