Thursday, October 21, 2010

How much can I save on stamp duty for my first house?

Maximum saving is RM3,000 if I choose a property value at RM350,000. Not a big saving but definitely better than nothing.

For anyone to qualify this (first residential property), chances are he or she is
  1. Young; and
  2. Not a high-income earner
Definitely a good move to help young people to own a property but the help may not be helpful enough as the price of property increase way too fast for any young working adult to catch up.

Can the government do something better? Or this is a global problem, we are not the worst!!