Malaysia has launched her Economic Recovery Plan aka PENJANA (Pelan Jana Semula Ekonomi Negara). Recovery is #4 of 6 economic recovery phases: Resolve – Resilience – Restart – Recovery – Revitalise – Reform.
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Feedback from Malaysians
“PENJANA shows our government’s efforts to alleviate the burden on several industries that are negatively affected by the pandemic. However, the overall impact of this plan on your personal finances might be minimal compared to the ones outlined above.” ~Rafiq Hidayat, Wealth Vantage Advisory Managing Director
“The overall positive steps taken to assist businesses especially SMEs will help businesses that manage to weather through this crisis. Rightly travel-related industry needs all the help it can get as the sector is the hardest hit. For individuals, the home ownership related assistance will make the biggest difference.” ~Stephen Yong, MyPF Founder
how to apply. ours is a small sme entrepreneur.
Does the stamp duty waiver on MOT applicable to all and sundry or is it restricted to only purchases direct from developer ? Specifically, does it also covers on subsales (secondary market) and/or transfer of ownership under the love and affection scheme ?
Is there any special gazette / PU(A) to be issued particularly in respect of the RPGT waiver? For this purpose, does seller need to fill up CKHT 4?
Does the policy where buyers can now apply for more than 70% loan margin for 3rd property apply to subsale transactions?
I have been informed that it only applies to properties purchased directly from the developer.