THE Housing and Local Government Ministry home ownership campaign has been extended to December to give more people the opportunity to own a home, Minister Zuraida Kamaruddin has said.

With the extension, she hoped that the housing industry would be able to clear its unsold properties and get on the right track.

“The campaign launched by Prime Minister Dr Mahathir Mohamad has received an encouraging response from home buyers and housing developers,” she said in a statement today.

The campaign was launched with several housing developer associations in January.

According to Zuraida, the campaign has benefited new home buyers because they have been given exemptions or reduction in stamp duties based on the price of the residential units.

“In addition, buyers enjoy a 10% discount on the price of advertising permits and original sale or selling price,” she said.

Zuraida added that she had been informed that buyers and developers had urged for the campaign period to be extended to December instead of the original target date of this month. – Bernama, June 30, 2019.