<\/a>Overnight Policy Rates (OPR) are Low.<\/h4>\nThe OPR is the interest rate<\/strong><\/a> at which a bank lends to another bank, which National Bank Malaysia sets (BNM). This rate affects the country’s employment, economic growth and inflation. It is an indicator of the health of a country’s overall economy and banking system. <\/p>\nWhen the pandemic hit the globe, the economy was hit hard. The OPR was reduced to help the economy recover due to the Covid-19 impact.<\/p>\n
Hence, there is a lower loan interest rate. With the current rate at 1.75% (March 2021), <\/strong>borrowers will enjoy cheaper monthly repayment from their loans.<\/p>\n<\/a>Stamp Duty for First Homes are Exempted<\/h4>\n![\"Reasons](\"https:\/\/media.giphy.com\/media\/9sEmlm8kV4PSM\/giphy.gif\")
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Stamp duty<\/a> <\/strong>is an important consideration in all real estate transactions. In any property purchase or transfer, it’s vital to assess all costs involved properly. <\/p>\nEarlier February 2021, the Malaysian government announced the exemption<\/strong> on stamp duty for first homes priced not more than RM500,000<\/strong>. The proposal was laid during Budget 2021 and will ease future homeowners.<\/p>\nHowever, this exemption will be for the Sale and Purchase Agreement completed between January 2021 to 31 December 2025.<\/strong><\/p>\nImagine how much you save when you purchase your first home now! It could be up to RM11,250! Want to purchase your first home? Click here!<\/strong><\/span><\/a><\/p>\n<\/a>The Norm of Working From Home Might Stay<\/h4>\n![\"Reasons](\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_794913445-scaled-1.jpg\")
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Due to the Covid-19 pandemic, all of us had to stay indoors and protect one another. Companies had to plan their future, and everything was almost made digital. Hence, people are more commonly working from home.<\/p>\n
Jobstreet did a study whereby 67% of employees are currently working from home.<\/a> <\/span>Therefore, with the new norm among us, owning a home has become a need for comfort. <\/span><\/p>\n<\/a>Asking Prices for Secondary Market Homes are Decreasing<\/h4>\nWith the market at a downward trend, most developers and homeowners are bargaining to regain their losses. This is the best time to buy at a cheaper cost and obtain a higher profit.<\/p>\n
When the pandemic hit the globe, the economy was hit hard. The OPR was reduced to help the economy recover due to the Covid-19 impact.<\/p>\n
Hence, there is a lower loan interest rate. With the current rate at 1.75% (March 2021), <\/strong>borrowers will enjoy cheaper monthly repayment from their loans.<\/p>\n Stamp duty<\/a> <\/strong>is an important consideration in all real estate transactions. In any property purchase or transfer, it’s vital to assess all costs involved properly. <\/p>\n Earlier February 2021, the Malaysian government announced the exemption<\/strong> on stamp duty for first homes priced not more than RM500,000<\/strong>. The proposal was laid during Budget 2021 and will ease future homeowners.<\/p>\n However, this exemption will be for the Sale and Purchase Agreement completed between January 2021 to 31 December 2025.<\/strong><\/p>\n Imagine how much you save when you purchase your first home now! It could be up to RM11,250! Want to purchase your first home? Click here!<\/strong><\/span><\/a><\/p>\n Due to the Covid-19 pandemic, all of us had to stay indoors and protect one another. Companies had to plan their future, and everything was almost made digital. Hence, people are more commonly working from home.<\/p>\n Jobstreet did a study whereby 67% of employees are currently working from home.<\/a> <\/span>Therefore, with the new norm among us, owning a home has become a need for comfort. <\/span><\/p>\n With the market at a downward trend, most developers and homeowners are bargaining to regain their losses. This is the best time to buy at a cheaper cost and obtain a higher profit.<\/p>\n<\/a>Stamp Duty for First Homes are Exempted<\/h4>\n
<\/p>\n<\/a>The Norm of Working From Home Might Stay<\/h4>\n
<\/p>\n<\/a>Asking Prices for Secondary Market Homes are Decreasing<\/h4>\n