KUALA LUMPUR, March 1 — Budget 2023’s focus on home ownership will benefit first-time homebuyers and support the development of affordable housing, said Juwai IQI.
The various initiatives include refurbishing houses in rural areas, fixing lifts in low-cost strata housing, and building and refurbishing housing for members of the armed forces. “The stamp duty exemption is important because these taxes reduce buyers purchasing power and discourages people from upgrading or downsizing,” he said.
On housing credit guarantee for gig workers, he said an allocation to help them obtain mortgages has been raised to 20,000 borrowers and RM5 billion, the statement said.
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