Page 140 - Malaysia Baharu 2018

MALAYSIAN ECONOMY The Government will exempt stamp duty on the instrument of transfer and
the loan agreement for purchases of new homes from developers valued
between RM300,001 and RM1 million.

~ For a limited time of six months only.
~ It will be part of a National Home Ownership Campaign, of which developers will

offer a minimum price discount of 10% for these residential properties.
To explore new technology-enabled and innovative mechanisms to solve
housing problems.

~ The Government will be approving private sector driven ‘Property Crowdfunding’

platforms serve as an alternative source of financing for first-time home-buyers.

~ The platforms will be regulated by the Securities Commission under the peer-

topeer financing framework.

~ The buyer will be able to acquire a selected property for 20% of the price of the

property, while the balance 80% will be fulfilled via potential investors.
Encouraging public transport adoption

To introduce a RM100 unlimited public transport pass to be implemented
initially on the rail and RapidKL bus network (RM240 million).

~ Unlimited monthly pass of RM50 available just for the RapidKL bus services.
~ The campaign will be expanded to other bus companies in stages.

MONTHLY PASSES FOR
PUBLIC TRANSPORTATION

EFFECTIVE 1 JANUARY 2019

23 city bus 23 city bus

RM100 UNLIMITED PUBLIC TRANSPORT PASS RM50 MONTHLY PASS
for RapidKL rail and bus network for RapidKL bus services only

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