Rehda views Budget 2021 as comprehensive, inclusive

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Real Estate & Housing Developers' Association (Rehda) Malaysia views Budget 2021 as a comprehensive, inclusive, and promising budget for all Malaysians.In a statement today, Rehda Malaysia president Soam Heng Choon (above) said the stamp duties exemption on memorandums of transfer and loan agreements for residential units priced RM500,000 and below from Jan 1, 2021, to Dec 31, 2025, would benefit Malaysians who were hard-pressed to buy a house, particularly those in the B40 and M40 groups.Previously the stamp duty exemption was for houses priced at RM300,000 and below. B40 refers to the bottom 40 percent of income earners in the country, while M40 the middle 40 percent.On stamp duty exemptions for ‘white knight’ contractors and original purchasers of abandoned projects for the same period, Soam said it was hoped that the waivers would encourage more contractors to come…