Real estate association hopes govt extends i-Miliki deadline | The Malaysian Insight

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Real estate association hopes govt extends i-Miliki deadline

The Real Estate and Housing Developers’ Association says the i-Miliki initiative should be open to all Malaysians, and should not be limited to only first-time buyers. – The Malaysian Insight file pic, June 12, 2023.

The initiative, under the government’s Home Ownership Programme 2022/2023 or Hope, began on June 1, 2022. It ends on December 31, 2023. “Consistent with the previously announced Budget 2023, this is another form of targeted subsidy to help the deserving. Under i-Miliki, purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the MOT and loan agreement, while purchasers of residential units priced above RM500,000 up to RM1 million will receive a 75% remittance on two stamp duties.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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