KUALA LUMPUR, Oct 21 — The Real Estate & Housing Developers’ Association today asked the government for a second extension to the ongoing Home Ownership Campaign that is to end in December, to provide continued assistance to first-time home buyers.
“Because we lost four months of the HOC extension [from June to September] the previous time, so developers are hoping that the HOC which will end after December 31 can be extended,” Soam said during a virtual media briefing on the release of the survey. He was referring to the “total lockdown” imposed nationwide from June 1 to September 14 by the federal government, during which all social and economic activities were prohibited.
The incentives include full stamp duty exemption on instrument of transfer for any residential properties between RM300,000 and RM2.5 million, further stamp duty exemption on the instrument on securing a loan, and a minimum 10 per cent discount on properties.
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