Uptick in 2018 property transactions, says Guan Eng

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The finance minister says the volume and value of property transactions in 2018 rose 0.6% and 0.3% from 2017.

The property market has been in the doldrums for the last few years but Finance Minister Lim Guan Eng is hopeful of a gradual improvement.

The property market has been in the doldrums for the last few years, recording declines in the volume and value of property transactions since 2015. The 100% stamp duty exemption is only available for the first RM1 million. Stamp duty of 3% will be imposed on the balance.

 

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