HOC 2020-2021 (Home Ownership Campaign) is now extended to Dec 2021!
Malaysian home buyers who are looking to buy a new residential property have until 31 December 2021 to take advantage of stamp duty exemptions.
HOC only applies for properties sold between 1 June 2020 and 31 December 2021.
It is open to all Malaysian purchasers, with no limit to the number of purchases. The current 70% margin of financing limit applicable for the third housing loan onwards for properties valued at RM600,000 and above will also be lifted during the HOC, subject to internal risk management practices of financial institutions.
Only residential properties in the primary market (homes that have been launched or completed) – This means only new residential properties purchased directly from developers with APDL (Advertising Permit and Developer License).
Homes in the secondary market, such as those purchased from a friend, family member or any other person that has previously bought the home from a developer, do not qualify.
Service apartments must be for residential use only and cannot be converted for commercial activities.
Check out KL City Centre HOC Projects Here