HOC-MAPEX 2019 To Offer Over 17,000 Homes For Klang Valley

Pavither April 17, 2019

A total of 72 property developers are set to showcase over 17,000 residential units, which are valued at over RM146 million, at the Klang Valley Home Ownership Campaign – Malaysia Property Expo 2019 (HOC-MAPEX). 

Participating developers include Gamuda Land, Eco World Development Group Bhd, SP Setia Bhd and Paramount Property, reported The Edge.

The campaign will also see seven participating financial institutions – namely, Maybank, Hong Leong Bank, Public Bank, Hong Leong Investment Bank, CIMB Bank, United Overseas Bank and RHB Bank – offer financial services to homebuyers.

Read More: What A First-Time Home Owner Needs To Know About Downpayments

MAPEX organising chairman Datuk Ng Seing Liong said it is the first time that seven financial institutions will take part in a property expo and hopes that “more banks and financial providers will continue to support our endeavours going forward”.

“This is a sold-out event as there were many property developers who approached us to have a booth at the event but we do not have the space to accommodate,” he added.

Meanwhile, Real Estate and Housing Developers’ Association (REHDA) president Datuk Soam Heng Choon is optimistic of achieving the RM3 billion sales target for the national Home Ownership Campaign (HOC).

Buyers who acquire properties under the HOC will be entitled to various incentives, including stamp duty waivers Memorandum of Transfer (MoT) covering properties below RM1 million and a reduction of one percent for properties valued at RM1 to RM 2.5 million to three percent from the current four percent. Loan agreements for homes priced up to RM2.5 million will also be exempt from stamp duties.

Open for sale to Malaysian home buyers including first-timers, HOC properties include both under construction or completed properties.

To run from 26 to 28 April, the HOC-MAPEX will held at the Mid Valley Exhibition Centre (MVEC) in Kuala Lumpur.

 

Let us help you find the right property to purchase with our comprehensive property comparison page! Click here.

POST COMMENT

You may also like these articles

51 Developers Tempt Buyers With Discounts, Freebies At HOC

A total of 51 private developers will showcase over 200,000 residential units at the Home Ownership Campaign (HOC) 2019, which could be worth over RM15 billion. Analysts were not surprised that devel

Continue ReadingMarch 1, 2019

Mah Sing Extends HOC Promos Until June Thanks To “Overwhelming” Demand

Mah Sing Group’s cool promos showcased during the three-day Home Ownership Campaign (HOC) 2019 Expo held last weekend at the Kuala Lumpur Convention Centre attracted huge crowds. The throngs of peo

Continue ReadingMarch 8, 2019

HOC’s RM3b Sales Target Attainable, Developers

Developers are confident that the RM3 billion sales target set for the six-month-long Home Ownership Campaign (HOC) will be achieved. “I don’t want to speculate but I am sure we can hit that RM3

Continue ReadingMarch 18, 2019

Homebuyers Urged To Take Advantage Of HOC

Johor Real Estate and Housing Developers Association (REHDA) branch chairman Datuk Steve Chong Yoon On has called on potential house buyers to take advantage of the Home Ownership Campaign (HOC) 2019,

Continue ReadingApril 8, 2019

Feedback