A visitor looks at a display depicting houses for sale at Maspex Penang in George Town September 23, 2016. — Picture by KE Ooi
“We hope the same incentive, stamp duty exemption, be extended to the secondary market which are existing properties being sold by owners instead of by developers,” she said in a joint press conference with state exco Jagdeep Singh Deo to announce its secondary property exhibition next month. She said some first-time homebuyers prefer to buy from the secondary market due to location and the immediate availability of property.
Jagdeep, who is housing development committee chairman, said he will bring up MIEA’s request for the approval fee exemption to be extended to second-hand properties. Choong also called on the government to tighten enforcement against unlicensed and unregistered real estate agents.She also warned the public that these unregistered brokers do not have a governing body so there was no avenue for recource if the deal went wrong.