{"id":22788,"date":"2020-11-09T15:25:34","date_gmt":"2020-11-09T07:25:34","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=22788"},"modified":"2026-01-09T16:15:54","modified_gmt":"2026-01-09T08:15:54","slug":"4-property-highlights-from-budget-2021","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/4-property-highlights-from-budget-2021\/","title":{"rendered":"4 property highlights from Budget 2021"},"content":{"rendered":"\n

On 6th November 2020, Malaysia’s Budget 2021<\/strong> was announced by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.<\/p>\n

The budget clearly outlines the government’s strategy on the elevating the people’s turbulence caused primarily from the pandemic – the budget will focus from appreciating COVID-19 frontliners, tax reliefs for working adults and aid for job-seekers, to incentives for youths.<\/p>\n

However, for the people and companies behind the property market, here are the 4 key highlights to help elevate the playing field.<\/p>\n

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1. Full Stamp Duty Exemption <\/h2>\n

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Full stamp duty exemption on Memorandum of Transfer (MOT) and loan agreement for the first home priced below RM500,000 – <\/strong>from January 2021 to December 2025.<\/p>\n

 <\/p>\n

2. Extension of Stamp Duty Exemption<\/h2>\n

\"\"The extension of the stamp duty exemption on loan agreement and MOT given to rescue contractors and original buyers of abandoned houses for another 5 years. <\/p>\n

This exemption is effective for the loan agreements and MOT executed from January 2021 to December 2025 for abandoned housing projects certified by the Ministry of Housing and Local Government<\/a> <\/strong>(KPKT).<\/span><\/p>\n

Read more; all about the 2021 version regarding Stamp Duty for the house of your dreams.<\/span><\/strong><\/a><\/p>\n

 <\/p>\n

3. Focusing on Low-Income Earners<\/h2>\n

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RM1.2 billion provisions for the construction of comfortable and quality housing for low-income earners such as;<\/p>\n

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4. Government assistance for a Rent-to-Own scheme<\/h2>\n

\"\"Government to cooperate with selected financial institutions to provide a Rent-to-Own scheme. <\/p>\n

This programme will be implemented until 2022 involving 5,000 PR1MA<\/a><\/span><\/strong> houses with a total value of more than RM1 billion and reserved for first-time homebuyers.<\/p>\n

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Are you an investor looking forward to the planning of Budget 2021?<\/strong><\/span><\/p>\n

Does it elevate or stall your future investments? <\/strong><\/span>Leave us a name and a member of our esteemed team will help how to approach it.<\/strong><\/span><\/p>\n

And here’s a summary of last years Budget 2020 <\/a><\/span><\/strong>to refresh your arguments. <\/strong><\/span><\/p>\n\n\t\t\t\t\t\t