Fifty per cent of stamp duty chargeable on any instrument of transfer for the purchase of only one unit residential property (i.e. a house, a condominium unit, an apartment or a flat unit built as a dwelling house), costing not more than RM350,000 by a Malaysian citizen shall be remitted provided that
(i) the sale and purchase agreement is executed between 1 January 2011 and 31 December 2012, both days inclusive;
(ii) the Malaysian citizen does not own any other residential property at the date of execution of that sale and purchase agreement;
The application for remission may only be made once and is also applicable to co-purchasers.