Budget 2023 moves for homeownership will spur property market - groups

Budget 2023 measures to further ease homeownership among first-time homebuyers will complement the previously announced 100 percent stamp duty exemption for the memorandum of transfer for houses priced RM500,000 and below until end-2025.

Finance Minister Tengku Zafrul Abdul Aziz told Parliament today that stamp duty exemption would be increased to 75 percent from 50 percent for residential properties priced above RM500,000 to RM1 million, which would end on Dec 31, 2023.