Kelantan exempts taxes to house buyers from outside Kelantan

Kelantan exempts taxes to house buyers from outside Kelantan
Utusan.com.my 2/6/2004

KOTA BHARU June 1 - The Kelantan government has relaxed the restriction to non-Kelantanese bumiputeras to own houses in the state during the Malaysian Property and Housing Expo 2004 commencing here Tuesday.

Sentosa Jaya Sdn Bhd Razali Daud general manager said during the four-day expo, house-buyers were exempted from paying stamp duty and registration tax imposed by the government.

"This is the best opportunity to interested buyers from outside Kelantan to buy houses in the state in the duration of the expo," he said when met Tuesday after the launch of the Kelantan state level expo, here.

Razali who is also a housing developer said his company alone had offered hundreds of terrace houses, semi-detached and bungalow units which had been completely built at reasonable prices.

He said the houses, most of which were completed late last year, were sold at between RM60,000 and RM180,000 a unit.

According to him the tax exemption and easy ownership of the houses by people from outside Kelantan was part of the facility provided by the state government in encouraging the housing industry in the state.

He said the offer also had given the opportunity to housing developers to expand more rapidly in the state.

Razali said Kelantan also took the lead among other states when it practiced the "build first sell later" concept.

"It aims at ensuring that buyers had easy access to own high quality houses," he said.

There are about 26 registered housing developers in Kelantan who build low and medium cost houses for the people in the state.

Razali said apart from Kelantan his company also affered hundreds of medium-cost house units to people in Kelang and Kuantan, currently under construction.

He said the fast development in the housing industry enabled his company to answer the call by the state government to intensify building low-cost houses in the state.

Medium-cost terrace houses are sold at RM65,000 per unit, semi-detached at RM140,000 and a bangalow unit at RM160,000.