With 76.9% of Malaysians already owning a home, the government is hopeful that the numbers will continue to rise following the stamp duty exemptions for first-time house buyers.
Nga on Ministry’s Goal
Nga Kor Ming, the Local Government Development Minister, says the ministry’s goal of ensuring every Malaysian has a place to call home and proposed the initiative to the Finance Ministry.
OWN YOUR HOUSE
The government’s decision to continue with the stamp duty exemptions reflects their commitment to promoting homeownership. Nga emphasized the importance of shelter and expressed gratitude to the Prime Minister for supporting the Home Ownership Programme, which offers significant savings for buyers and opportunities for developers.
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