Budget 2025: RM7,000 tax relief for first time home buyers

The Star

In tabling Budget 2025 at the Dewan Rakyat on Friday (Oct 18), Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced a tax relief of up to RM7,000 for the purchase of residential properties priced up to RM500,000, as part of efforts to encourage home ownership.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00SGKP has issued 12.8 billion ringgit government bonds to more than 57,000 first home buyers.

00:11This has been carried out and the government continues to make efforts to ensure a more humane PPR environment.

00:20Low-cost homes and public facilities in the country have been replaced with 200 million ringgit.

00:30Public parks, recreation, landscapes, including in small towns, have been given 100 million ringgit.

00:41This includes new villages in China, 84 million ringgit.

00:45And also, the KPKT will increase efforts to strengthen the ownership of the first home.

00:53And the government has proposed to issue individual loans up to 7,000 ringgit

01:00on the payment of house loan benefits as follows.

01:04Individual loans up to 7,000 ringgit on the payment of house loan benefits up to 500,000 ringgit.

01:11Individual loans up to 5,000 ringgit on the payment of house loan benefits up to 750,000 ringgit.

Category

Transcript

Recommended