The Home Ownership Campaign (HOC) 2019 is an initiative by The Honorable Tuan Lim Guan Eng, Minister of Finance to promote home ownership in Malaysia. The campaign is expected to run for a limited time only, and during this period a series of incentives are being introduced to encourage house purchases. The key real estate associations such as Sabah Housing and Real Estate Developers Association (SHAREDA), Real Estate and Housing Developers Association (REHDA) and Sarawak Housing and Real Estate Developer Association (SHEDA) are tasked to execute the campaign and created awareness for the public.
- Developers are required to offer a minimum discount of 10% from its APDL (Advertising Permit and Developer License) approved price.
- 100% stamp duty exemption on the instrument of transfer for residential units valued at RM300,001 to RM1 mil. For units ranging from RM1,000,001 to RM2,500,000, buyers will only pay 3% stamp duty.
- 100% stamp duty exemption on loan document for property valued up to RM2.5 million.
- Major banks are offering special home loan package in conjunction with the campaign.
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