Property agents out to attract first-time home buyers

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GEORGE TOWN: It is a timely combination to spur sales of development projects and address existing property overhang with the i-Sinar payout and the Home Ownership Campaign.

Within the property industry, property agents are now looking at the perfect opportunity to attract first-time home buyers with a higher disposable income following the relaxed conditions in withdrawal of their EPF money.

“Under this scheme, successful applicants are able to enjoy a complete exemption of stamp duty on Instrument of Transfer for any residential home purchase up to the value of RM1mil. “If the i-Sinar and campaign were to run together for a longer period, we can definitely see a higher stimulus to the market.

Mazda Penang sales centre branch manager Jesse Montano said in the selling of motor vehicles, they did fairly well last year when the sales tax exemption for passenger cars was introduced.

 

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