KUALA LUMPUR: Malaysians looking to purchase their first house in the coming year will be able to enjoy stamp duty exemptions of 50% to 100% under the Malaysian Family home ownership initiative or i-Miliki, says Datuk Seri Ismail Sabri Yaakob.
KUALA LUMPUR, Feb 10 ― Bank Negara will need to review its financing model to make home ownership much easier for the B40 and M40 groups in line with the “One Family One Home” target, Datuk Seri Ismail Sabri Yaakob said. The prime minister said this was among decisions taken at the National.
Bank Negara will need to review its financing model to make home ownership much easier for the B40 and M40 groups in line with the “One Family One Home” target, Datuk Seri Ismail Sabri Yaakob said.
The Prime Minister said this was among decisions taken at the National Affordable Housing Council (MPMMN) meeting which he chaired Thursday to discuss the direction taken and the coordination and monitoring of affordable housing plans nationwide under the campaign.
“This is to ensure financial institutions allow easier financing for the B40 and M40 groups to own People’s Housing Projects (PPR) units and other affordable homes. The focus will be on direct purchase and rent to own (options),” Ismail Sabri said in a statement, Thursday.
In addition, the Prime Minister said the Council also agreed to set a new direction for PPR housing by taking into account current needs as well as including new components towards realising the “Liveable