From 1 Jan 2000 to 31 Dec 2000 there will be no stamp duty on
transfer of title of a house from developer to a purchaser for properties less than
RM75,000 and a 50% remission for properties of RM75,000 or more but less than RM150,000
Below incentives are the "minimum" as most
developers, banks, insurance companies offer better than the minimum incentives.
Package of Incentives Offered :
Purchase of properties by non-residents/foreigner
a. No restriction on purchase of
properties above RM250,000 (after discount).
b. Blanket (automatic) approval by FIC upon
application.
c. Margin of Financing :
Non-resident abroad - Up to 50% financing
Non-resident working in Malaysia - same as margin of financing applies
to residents.
Stamp Duty
Stamp Duty is waived on :
Sale & Purchase Agreements
Transfer Of Property
Loan Documents
Treasury/Government Housing Loan
Instant confirmation on eligilibity to obtain loan.
Government Servants who have served at least 1 year’s service
are eligible to apply for this loan
Speedier approval and release of loans
Waiver of processing fee.
EPF Withdrawal
Instant issuance of structured certificate on "eligibility"
of account
holders.
Discounts Offered
Cost of Properties Min Discounts
RM100,000 and below Non-Bumi - Min 5% discount
Bumi - Additional 5% discount
Above RM100,000 and Non-Bumi - Min 10% discount
below or equal RM200,000 Bumi - Additional 5% discount
Above RM200,000 Non-Bumi - Min 10% discount
Bumi - Additional 10% discount
Please note that the discounts offered by developers exceeds the discounts stated above
the existing discount shall prevail, and bumiputera buyers shall not be entitled
to any
