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Malaysia: What is Home Ownership Campaign (HOC) and how you can benefit from it?


2020 is a year about a crisis, but for home buyers in Malaysia, this could be the best year due of the implementation of Home Ownership Campaign (HOC).

Before we explain why, let's understand what "Home Ownership Campaign" is!


What is HOC?

HOC, Home Ownership Campaign, was introduced before in 2019. It ended on the same year.

However, the Malaysian government has announced that they will reintroduce this program again on June 1, 2020 till May 31, 2021 due to the impact of Covid-19. 

The main intention of this program is to bring a positive change in the Malaysian property market.

Furthermore, HOC also helped in easing the problem of property overhang in Malaysia. As the NAPIC report 2019 of Malaysia shows, the overhang problem was improved the first time in four years. 

Now we have a brief idea on how HOC can help Malaysians own a house in an easier way.


How does HOC help home-buyers?

In this program, incentives are provided:

  • You can enjoy full stamp duty exemption on the Sales and Purchase Agreement (SPA) signed from June 1, 2020 to May 31, 2021. This offer is for property priced between RM300, 000 and RM2.5 million. 
  • If your property's price is between RM300, 000 and RM1 million, there's a full stamp duty exemption on the instruments of transfer.
  • Selected projects from participating property developers will enjoy a minimum of 10% discount.

Besides that, the government also offers more for the buyer. Both of these offers will be effective from June 1, 2020 to Dec 31, 2021.

  • The lifting of the 70% loan-to-value for the third property valued at RM600, 000 and above. 
  • The real property gains tax (RPGT) exemption for up to three disposals per person. These two measures are effective June 1, 2020 to Dec 31, 2021.


As a home buyer, a lot of money can be saved with the help of HOC's incentives.

For example, I plan to purchase a house at a price of RM300, 000. If I buy it during that period, the stamp duty fees will not be charged.

Besides that, if I am planning to sell it, I will not need to pay for the RPGT too.

Thus, some people say that 2020 is actually the best year for people that are planning to purchase property in Malaysia.

In this article, the author describes why are 2020 in the year for the property investor and home purchaser.



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