The government has agreed to implement phase 2 of the assessment tax cut in Putrajaya amounting to 5 percent for strata title residences (apart from affordable houses) and 20 percent for terrace houses beginning July 1 this year.

Prime Minister Anwar Ibrahim said the assessment discount applies to residential units built after 2017, with the reduction to be based on the total tax imposed.

Anwar, who is also finance minister, said...