How many affected residential units are covered by the discount?

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Approximately 8,500 residential units in Putrajaya will benefit from a 30 per cent assessment discount.

This discount applies to houses valued under RM300,000 that were constructed between 2017 and the present. The initiative aims to alleviate the financial burden on residents, particularly those in the M40 and B40 income groups.
Discount Details and Eligibility

The assessment discount amounts to 30 per cent for eligible residential properties. This reduction specifically targets houses in Putrajaya with a market value below RM300,000. The eligibility criteria stipulate that these premises must have been built within the period spanning from 2017 up to the current time.
Implementation and Duration

The assessment discount is scheduled to commence on January 1, 2023. This favourable tax measure will remain in effect until a formal reassessment is conducted by the Putrajaya Corporation. The decision to implement this discount was influenced by feedback from Putrajaya residents concerning their assessment rates.
Rationale Behind the Discount

Prime Minister Datuk Seri Anwar Ibrahim announced the discount, stating it was a response to complaints that assessment rates in Putrajaya were higher than in neighbouring areas. This measure aligns with the unity government's commitment to easing the financial pressures faced by the populace, with a particular focus on lower and middle-income households residing in affordable housing within Putrajaya.

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How many affected residential units are covered by the discount?

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