1) What is Home Ownership Campaign (HOC) 2020-2021?

HOC 2020-2021 is an initiative by the Government to stimulate the housing sector and help buyers in homeownership. As such, the Government offers stamp duties exemptions on the Instrument of Transfer and Instrument on Loan Agreement.
The Campaign is open to ALL Malaysian individuals.

2) What is the duration of the Campaign period?

The Home Ownership Campaign 2020-2021 period is from 1 June 2020 to 31 May 2021.

3) What are the eligibility criteria for exemption?

The Sale and Purchase Agreement (SPA) must be signed within the Campaign period.
Exemptions are applicable only for residential properties (including serviced apartments and SOHO) that are completed or under construction, and governed by the Housing Development Act with valid Developer’s License (DL) and Advertisement and Sales Permit (AP) and/or Certificate of Completion and Compliance (CCC) or verified by KPKT (for developments of 4 units and below).
Only residential properties in the primary market are eligible for the stamp duties exemptions, thus sale must be from a developer to a purchaser.
A minimum 10% discount must be given by the developer, provided that the residential units are not subject to Government price control.
The discount is given based on approved APDL pricing for projects under construction and registered selling price for completed projects. The discounted price must be reflected in the SPA.
Eligible properties in Peninsular Malaysia must be registered with the Real Estate and Housing Developers’ Association (REHDA) Malaysia, while eligible properties in Sabah and Sarawak must be registered with Sabah Housing and Real Estate Developers Association (SHAREDA) and Sarawak Housing and Real Estate Developers’ Association (SHEDA) respectively.

4) What is the amount of the exemption on Instrument of Loan Agreement? Is it based on house price or loan amount?

The amount of exemption on Instrument of Loan Agreement is 0.5% of the loan amount.
However, please note that under HOC, the exemption is applicable for all houses with selling price from RM300,001 to RM2.5 million (price before discount).


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s