UPDATE

827 units sold as at 24 August 2019     |     Sabah Law Society: 25% discount on legal fees for all HOC eligible projects



INTRODUCTION

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 create awareness for the public.

Following a tremendous response, the government has announced that the Home Ownership Campaign (HOC) has been extended for another six months, until December 31st 2019.




HOC INFO

WHAT ARE THE INCENTIVES DURING HOC

  1. Developer are required to offer a minimum discount of 10% from its APDL (Advertising Permit and Developer License) approved price.
  2. 100% stamp duty exemption on the instrument of tranfer 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.
  3. 100% stamp duty exemption on loan document for property valued upt to RM2.5 million.
  4. Major banks are offering special home loan package in conjunction with the campaign.
  5. Sabah Law Society granted a discount of up to 25% on legal fees for all HOC eligible projects in Sabah.


WHO IS ELIGIBLE?

Really, all Malaysians are eligble. It is not only open to first time home buyer, but also to investors who have multiple properties. However, foreigners are not entitled to the HOC incentives, that includes joint name properties where one of the owner is a foreigner




HOC ORGANISING CHAIRMAN (SABAH) FOREWORD

Benny Ng

The Home Ownership Campaign (HOC) is a government initiative designed to encourage home ownership in the country, as well as to spur short-term economy in the country and the construction industry that affects 160 downstream businesses, while easing the country’s property overhang predicament.

Home Ownership Campaign is evidently successful, for the first 6 months of the Home Ownership Campaign, SHAREDA had successfully registered 605 units of residential property sold, that worth RM329 Millions.

I would also like to take this opportunity to convey our appreciation on behalf of SHAREDA to both the State and Federal government, I would also like to thank Minister of Finance Lim Guan Eng, Datuk Seri Panglima Haji Mohd. Shafie bin Haji Apdal, Chief Minister of Sabah, YB Dato Dr. Haji Jaujan Bin Haji Sambakong, Minister of Local Government and Housing Sabah as well as all relevant departments in the local government and councils, in assisting the campaign full heartedly.

During the HOC period, Malaysian home buyers enjoy stamp duty waivers for the purchase of residential units registered under the HOC. For properties registered under this campaign, the stamp duties on instruments of transfer will be waived. Home buyers will also get discounts from developers.

Those incentives are:

  • Full exemption till RM1 million: Under the scheme, successful applicants enjoy 100% stamp duty exemption on Instrument of Transfer for any residential home purchase up to the value of RM1 million.
  • Partial stamp duty exemption till RM2.5 million: Properties worth more than RM1 million up to RM2.5 million will pay 3% stamp duty on the Instrument of Transfer for the amount above RM1 million.
  • Loans legal documents exemption: All properties within the scheme enjoy stamp duty exemption on the Instrument of Securing Loan.
  • 10% house discount for completed houses: As well as the stamp duty exemption, you enjoy a minimum 10% reduction on the purchasing price of properties listed under the scheme.

As one of the three chairpersons for the National Home Ownership Campaign 2019 in the country, it is my responsibility to urge all developers in the state to assist homebuyers at all means and abide by the HOC terms. This is a national campaign that should be executed with dignity and pride. It is a national service for all of us involved. We hope more developers will join HOC and register with us soon. I believe National Home Ownership Campaign 2019 is evidently helping Malaysian, especially the low and middle-income groups to own a home.


Benny Ng
Council Member/Sabah Organising Chairman - Home Ownership Campaign (HOC) 2019


COMMITTEE

Salina Lee
Salina Lee Abdullah
Joanne Chin
Joanne Chin
Nida Ul Khusna
Nida Ul Khusna
Dywne James
Dywne James



PARTICIPATING PROJECTS
(Click for detail)

Kota Kinabalu
CAHAYA HARTAMAS SDN BHD E-RESIDENCE @ TELIPOK PHASE 1 088–448008
DINAMIK ATLANTIK SDN BHD BUKIT BANTAYAN, PHASE 1A, 1B, 1C 088–254950 / 088–254450
DONFON DEVELOPMENT SDN BHD TAMAN KAMBAU 088–268185
GKS DEVELOPMENT SDN BHD TAMAN CERAH PHASE 4B & 5B 088–386999
GREENFIELD SDN BHD TAMAN RESIDEN ALAM HIJAU, PHASE 2 088–858900 / 088–858911 / 088–858933
GUNUNG RAMAI SDN BHD TAMAN FULLIWA, PHASE 3A 088–276830 / 088–276828
HAP SENG LAND DEVELOPMENT AND JCA SDN BHD KINGFISHER PUTATAN CONDOMINIUM, PHASE 1A, 2B / KONDOMINIUM KINGFISHER INANAM, PHASE 1 & 2 088–355888
MENGGATAL NORTH DEVELOPMENT SDN BHD TAMAN FLAMINGO PHASE 3A & 3B 088–499810 / 088–415820
PEAK SUNRISE DEVELOPMENT SDN BHD RESIDENCE BUKIT RIMBA PHASE 1 (FOREST HILL RESIDENCE) 088–277701
RAMINDAH SDN BHD TAMAN BUKIT SEPANGGAR PHASE 5A & PHASE 6 088–252177
REMAJAYA SDN BHD BAY 21 015–48761818
SCP MENGGATAL SDN BHD TAMAN KEDIAMAN DAMAISARI / TAMAN BUKIT DAMAISARI 088–433099
SINAR PEMBANGUNAN SDN BHD ELEMEN UTARA KK – PRESINT 2 (PHASE 3) 088–396668
SYARIKAT KAPASI SDN BHD KK TIMES SQUARE PHASE 20 (LOFT C, THE LOFT RESIDENCE) 088–486999
UNICORN TOWER SDN BHD TRICONIC TOWER CONDOMINIUM 088–724111 / 088–722111

Penampang
NORTH BORNEO LAND AVENUE SDN BHD SKYVUE RESIDENCE @ KOBUSAK 088–448008 / 088–448948
SRI MORAINE SDN BHD TAMAN WAWASAN MAHANDOI PHASE 1,2 088–255555

Beaufort
PR1MA CORPORATION MALAYSIA PR1MA @ WOODFORD ESTATE -

Kinarut/Papar
PR1MA CORPORATION MALAYSIA PR1MA @ KINARUT SOUTH -
WSG PROPERTIES SDN BHD TAMAN BENONI PAPAR 088–269980

Tuaran
SPURWIN DEVELOPMENT SDN BHD TAMAN CASA INDAH 088–287219 / 088–287212
SUMMIT LEGACY SDN BHD TAMAN AUSSIE RIA PHASE 1 088–388002

Sandakan
HAP SENG PROPERTIES DEVELOPMENT SDN BHD ASTANA HEIGHTS, PHASE 2, 5C 088–355888
IJM PROPERTIES SDN BHD TAMAN SRI UTAMA CONDOMINIUM / TAMAN UTAMA PARK RESIDENCE , PHASE 1A, 1B / UTAMA SOUTH CONDOMINIUMS 089–273026 / 089–671899
MALBUMI HOLDINGS SDN BHD TAMAN M’MAJU 089–236222
PANORAMA JELITA SDN BHD TAMAN RIMBAYU INDAH, PHASE 1C 089–232232
PERUMAHAN PERMAI SANDAKAN JAYA SDN BHD TAMAN NASALIM, PHASE 7E 089–463222 / 089–464222
SYARIKAT SABAN ENTERPRISE SDN BHD TAMAN HARBOUR VIEW, PHASE 2 / TAMAN SURIA, PHASE 2 089–672277
WAH MIE REALTY SDN BHD SRI INDAH CONDOMINIUM 089–212133 / 089–236235

Tawau
HAP SENG PROPERTIES DEVELOPMENT SDN BHD TAMAN BANDAR SRI INDAH PHASE 5C, 5D, 5F, 5G, 5H / TAMAN BANDAR SRI PERDANA PHASE 4E / TAMAN RIA HEIGHTS PHASE 1A, 1B, 2A, 2B 088–355888
HAINAN PROPERTIES SDN BHD TAMAN MEGAH JAYA PHASE B4 089–759975
PR1MA CORPORATION MALAYSIA PR1MA @ RANGGU -
RANGKAIAN JASA SDN BHD BANDAR UTAMA THE WELD, PHASE 1A, 1B, 1D 089–705533 / 089–915833
UNIKA HOUSING SDN BHD TAMAN RESIDEN PHASE 2 089-771555

Lahad Datu
HAP SENG PROPERTIES DEVELOPMENT SDN BHD TAMAN PALM HEIGHTS PHASE 4 088–355888

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HOC NEWS

News Cover

Bank Negara Opens RM1bil Home Loan Scheme to Bigger Group of First-time Buyers
The Government's Promise for Housing
Lawyers in Sabah Are Giving Up to 25% Discount on Legal Fees
Participation Of Sabah Law Society In Home Ownership Campaign 2019
Don’t Miss the Boat: Exciting Offerings for Homebuyers
Local Authorities in Sabah Will Soon Be Able to Approve Development Plans
RM3.15m Fees for Foreign Property Purchases in Penang Exempted
Faster Development Approval Process Will Boost Economic Growth
Home Ownership Campaign Achieved Sales Target in Sabah
Guan Eng: Incentives for First-Time Homebuyers Extended for Six Months
[For Developers] Circular to SHAREDA members for registration of HOC entitlement
Federal Government Gazette on Stamp Duty (Exemption) (No.2) Order 2019 on Loan Document - link to PUA 81
Federal Government Gazette on Stamp Duty (Exemption) (No.3) Order 2019 on Instrument of Transfer - link to PUA 82
What The Home Ownership Campaign Means To You?
Loan Schemes To Complement The National Home Ownership Campaign
Shareda And Property Hunter Co-organizing Home Ownership Campaign Expo For Homebuyers
Tackling Housing, Overhang Problems
Rehda Looks Forward To National Campaign To Tackle Property Overhang
Finance Ministry: Stamp Duty Exemption For First-time House Buyers From Jan 1, 2019
Find Your Home! New Properties at Home Ownership Campaign Expo 2019


FAQ
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Yes, provided that the 10% discount is reflected in the SPA and the developer registers the project/unit with SHAREDA, REHDA or SHEDA for HOC.
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Not all residential projects/units by a developer are required to register under HOC. As such, we advise that purchasers speak to the developers involved for clarification before proceeding with your purchase.
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No, purchasers are not imposed with any fee either by the developer, SHAREDA, REHDA, SHEDA or the Government. Only developers are imposed with the registration and certification fees.
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No, purchases are for Malaysian individuals only.
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Yes, you may purchase more than 1 residential properties and get exemption on all provided all the properties fulfills the criteria stated above.
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No, the stamp duty waiver is only applicable for residential properties purchased from a developer (primary market) that are registered with REHDA, SHAREDA or SHEDA.



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