REHDA Welcomes Extension Of Home Ownership Campaign

June 2, 2021

REHDA welcomes extension of Home Ownership Campaign

The Real Estate and Housing Developers’ Association Malaysia (REHDA) lauded the government’s extension of the Home Ownership Campaign (HOC) 2020-2021.

The Ministry of Finance announced that HOC, which ended on 31 May 2021, has been extended to 31 December 2021 for all residential properties registered under the campaign.

REHDA noted that HOC has been sought after by buyers due to the incentives offered such as the minimum 10% discount on property prices as well as the waivers on Memorandum of Transfers and Loan Agreement stamp duties, reported EdgeProp.

Here Are Over 100 Home Ownership Campaign (HOC) Properties All In One Place!

The HOC saw nearly 50,000 units sold within Peninsular Malaysia since it started on 1 June 2020, with the discounted value given by developers amounting to around RM6.3 billion, according to REHDA.

“The extension of HOC is representative of the government’s commitment to alleviate the rakyat’s burden during this trying time, as potential purchasers may be hard-pressed to pay for the stamp duties and would benefit from the discounts offered on the house prices,” said REHDA.

“It also speaks volumes of REHDA and the developers’ efforts to support the government in its homeownership agenda.”

With the extension of the campaign, the association urged the rakyat to “take this opportunity to search for their dream homes”.

“Once again, we would like to thank the government for taking our views into consideration and for allowing the seven-month extension, which ultimately will benefit the property industry as a whole and contribute to the rebuilding of the nation’s economy,” added REHDA.


Check out these latest project reviews today! Or read our helpful Guides to learn all about the various property buying, selling and renting tips!


You may also like these articles

Malaysia’s Property Market To Remain Flat, Thanks To HOC

Despite the cautious optimism in the country’s projected economic recovery, Malaysia’s property sector is expected to remain soft for the rest of 2020.In its report on the Malaysian property marke

Continue ReadingSeptember 24, 2020

Tropicana Partners With Maybank Islamic, Offers HOC And Bumi Privileges With 100% Financing

Property developer, Tropicana Corporation Berhad recently partnered with Maybank Islamic and rolled out a homeownership financing solution which offers 100% financing in collaboration with Maybank Isl

Continue ReadingMarch 12, 2021

REHDA Survey: Property Developers Hopes Govt To Extend HOC to December 2021

Property developers are hoping the government to extend the Home Ownership Campaign (HOC) to December this year in order to accelerate the recovery in the property market, said Real Estate & Housi

Continue ReadingMarch 31, 2021

Government Mulls Extending Home Ownership Campaign (HOC) To End-2021

Housing and Local Government Minister Datuk Zuraida Kamaruddin said the government is mulling to extend the Home Ownership Campaign (HOC) until end-2021.Zuraida revealed that she had requested Finance

Continue ReadingApril 6, 2021

Putrajaya Urged To Extend HOC To Help Clear Property Glut

With RM40 billion worth of property overhang in residential and serviced apartment units still needing to be cleared out, the government should extend the Home Ownership Campaign (HOC) until the end o

Continue ReadingMay 19, 2021