Mah Sing Applauds The Timeliness of The Government’s Keluarga Home Ownership Initiative (i-MILIKI)

Mah Sing Applauds The Timeliness of TheGovernment’s Keluarga Home Ownership Initiative (i-MILIKI)

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s one of the participants in the “Karnival Jom Beli Rumah” Programme, which was held in Mid Valley Exhibition Centre in July 2022 Mah Sing Group Berhad (Mah Sing) applauds the timely announcement of the Government’s Keluarga Home Ownership Initiative (i-MILIKI).

Through the newly announced initiative, rst-time homebuyers will bene t from a stamp duty exemption on the instrument of transfer and loan agreement. 100% exemption will be entitled for properties priced at RM500,000 and below, while properties priced over RM500,000 to RM1 million will entitle a 50% exemption. This exemption will apply for sales and purchase agreements completed from 1 June to 31 December 2023.

Mah Sing recently launched H.O.M.E sales campaign which complements well with the i-MILIKI initiative, sharing the same goal with the government to make home ownership journey easier for homebuyers, particularly rst-time home buyers.

Mah Sing’s H.O.M.E campaign, is well-designed to address speci c home buyer pain points such as saving for a down payment, unsure whether they are quali ed for a loan, and struggling to make monthly housing payments. The campaign that runs from 1 July until 30 September 2022 provides homebuyers with no down payment, no stamp duty, easier loan approval, and lower monthly payments.

During the launch event of

Malaysia’s Prime Minister, Datuk Seri Ismail Sabri Yaakob (middle) together with Mah Sing’s Group Chief Executive O cer, Datuk Ho Hon Sang (le ) and Mah Sing’s Chief Executive O cer of Property Subsidiaries, Yeoh Chee Beng (right) at Mah Sing’s booth at the launch event of the Home Ownership Programme (HOPE) and Karnival Jom Beli Rumah.

the Home Ownership Programme (HOPE) and “Karnival Jom Beli Rumah”, the Malaysia Prime Minister, Datuk Seri Ismail Sabri Yaakob paid a visit to Mah Sing’s booth, which featured Mah Sing’s four a ordable developments at prime locations namely M Vertica, M Luna, M Astra and RSKU Sendayu.

Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum said, “The Group is con dent that the M Series is the right product to meet current market demand, based on the positive take-up rates of Mah Sing’s a ordable M Series residential developments. Mah Sing believes that the stamp duty exemption on the instrument of transfer and loan agreement provided by i-MILIKI will encourage more home buyers to purchase their rst home.”

“For many Malaysians, owning a home is an ultimate aspiration. Unfortunately, due to nancial constraints and the rising cost of living, obtaining appropriate nancing has been a major hurdle for rst-time as well as young homebuyers, which has been heightened especially during the current challenging period following the impact of COVID-19 pandemic. However, with the government taking the important steps in steering the direction, we believe that all industry players and stakeholders will work together to ensure that the incentives will ultimately bene t the home buyers and propel the Malaysia property market,” Tan Sri Dato’ Sri Leong adds.