00:00In the recent budget, there was much focus on first-time housebuyers.
00:05Yes.
00:06Of course, a homeownership campaign is always a priority.
00:11We are pleased to share with our friends that
00:15Malaysian homeownership has achieved 76.9%,
00:20which is well above average.
00:23And compared to many countries, we are doing quite well.
00:27However, in order to make sure that every Malaysian,
00:31we believe that Malaysians deserve nothing less,
00:34every Malaysian will own a home,
00:36that's why the government has decided
00:38our homeownership campaign will extend
00:41to the end of 2025.
00:44Then, later on, we will review.
00:46So what is the homeownership campaign about?
00:48Number one, for the first-time homebuyers,
00:50whoever buys homes below $500,000
00:53will be given 100% stamp duty exemption.
00:56In terms of your sales and purchase agreement
01:00and the loan agreement.
01:01And for those who buy properties above $500,000
01:05but below $1 million,
01:06will be given 75% discount on stamp duty.
01:10The second incentive is,
01:12any first-homebuyer who buys
01:14will be given tax exemption for RM7,000.
01:18If you buy properties not more than RM500,000.
01:21So there will be RM7,000 tax rebate for you.
01:24Then, of course,
01:25in order to solve the bankability issues,
01:28this recent budget has also announced
01:31an increase of RM10 billion
01:33guarantee fund by SJKP,
01:36Scheme Jaminan Kredit Perumahan.
01:38So far, we have helped 54,000 buyers.
01:41So with this additional RM10 billion,
01:43easily we can help another 20,000 people
01:47who want to buy homes.
01:48The bank will lend them,
01:50but the guarantee will be given by the government.
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