Home Ownership Campaign

Home Ownership Campaign HOC was a government initiative designed to support home buyers looking to purchase property. At the same time, it also encouraged the sales of unsold properties in Malaysia’s housing market .

With growing desire for home ownership among-st Malaysians, particularly in popular urban areas, the HOC initiative was designed to match aspiring home-seekers with all those empty homes.

The Home Ownership Campaign (HOC), which ran throughout 2019, was designed to encourage the increase in home ownership among Malaysians. And now, it’s back again from June 2020 till 2021.

The financial incentives & benefit that were offered as part of the scheme.

Full stamp duty exemption till RM1 million

Under the scheme, successful applicants enjoyed 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

For properties worth more than RM1 million up to RM2.5 million, you paid 3% stamp duty on the Instrument of Transfer for the amount that’s more than RM1 million.

How do you save on it ?

assume your property purchased price was RM500,000 in between with & without HOC scheme.

Comparison chat

Stamp duty exemption on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million (subject to at least 10% discount provided by the developer).

The exemption on the instrument of transfer is limited to the first RM1 million of the property price, while full stamp duty exemption is given on loan agreement effective for Sale and Purchase Agreement (SPA) signed between 1st June 2020 to 31st May 2021.

Instruments on secure loan exemptions.

Instruments on secure loan exemptions.

All properties within the scheme enjoyed a further stamp duty exemption on the Instrument of Securing Loan up to Rm2,500,000 purchase price.

Eligibility (term & conditions)

The Home Ownership Campaign covered registered residential properties with a value between RM300,000 and RM2.5 million. Those properties must be registered with the relevant authority for each region. it’s important to note that properties classified as a SoHo, SoFo, or SoVo were not qualified for the HOC either.

Eligibility only applies to those registered residential properties listed by developers within the scheme. covered registered residential properties with a value between RM300,000 and RM2.5 million. Those properties must be registered with the relevant authority for each region.

Know more about home ownership campaign 2020

Know more about home ownership campaign 2020

Does it apply to secondary markets?

No, the HOC 2020 only applied to new properties registered under the campaign from specific developers.

Did all properties receive a 10% discount?

A minimum 10% discount applied on all properties within the scheme, with the exception of those subject to government price controls.

Can I buy multiple properties under the campaign?

Yes, you can. There was no limit to the number of properties you can purchase, and get stamp duty exemptions for all, under the HOC 2020.

Do I have to pay a fee to participate?

No, the campaign is free. Developers must pay a registration fee but that does not apply to home owners.

What was the exemption amount on the Instrument of Loan?

The exemption on an Instrument of Loan amount covers 0.5% of the loan agreement. That amount covers the standard stamping fee for such an instrument.

**Details of the home ownership campaign 2020 will be updated upon the official release of government gazette.

政府将会再度推出“拥有房屋运动”计划，购买房屋价格介于30万至250万令吉之间将可豁免地契 转让及贷款合约的印花税。至于地契转让方面，免印花税仅限于房屋价值的首100万令吉。

这项豁免 适用于今年6月1日至2021年5月31日之间签订的买卖协议，但须遵守发展商给予至少10％折扣的条款。

Penjana Economic Recover Plan

Under the national economic recover plan Malaysia government will extend the Wage Subsidy Programmed worth RM5 billion for another three months to promote employee retention and reduce layoffs.

Prime Minister Tan Sri Muhyiddin Yassin, in announcing the Economic Recovery Plan (Penjana), said the wage subsidy was well received when it was introduced in the Prihatin Rakyat Economic Stimulus Package in March and April that

• wage subsidy is set at RM600 per month per employee, for up to 200 workers per company.
• wage subsidy would also be applicable for employers in the tourism sector or other sectors prohibited from operating during the Conditional Movement Control Order.
• Employers are allowed to apply for the wage subsidy for employees on unpaid leave, but employees must receive the subsidy directly.
• Hiring Incentive Programme worth RM1.5 billion to encourage the hiring of the unemployed.

The first is to hire unemployed people aged below 40, with an incentive of RM800 per month per worker follow is to hire unemployed people aged 40 and above and disabled persons with an incentive of RM1,000 per month per worker , He’s adding that the incentives would be provided for up to six months.

政府推行短期经济复苏计划重点：总值：350亿令吉

1.推出聘请员工奖掖计划，以鼓励雇主聘请失业人士，预料会有30万名失业者受惠。若聘请40岁
以下的人士，政府将会津贴员工每月800令吉的薪金；而40岁以上者及残疾人士，则会给予每月津贴
1000令吉。

2. 额外拨出20亿令吉作为重振中小型企业经济，每名中小型企业最多可获得50万令吉。
   3.提供总值10亿令吉的旅游融资计划，助于推动旅游业发展。
   4.为所有用户提供免费1GB上网数据，浏览教育、政府官网及关于疫情的网站，直到12月31日。
   5.发出一次性的300令吉津贴予国内30万残疾人士和单亲妈妈。
   6.政府将推出“MY30”无限乘搭公共交通月票优惠，民众只需购买30令吉的月票，就可在雪隆地区无
   限乘搭国家基建公司（Prasarana）之下的所有公交系统，这项计划将于6月15日起生效，直到2020
   年杪。
   7.推行7亿5000万令吉的e-Penjana计划，从今年7月开始，每名电子钱包用户将会获得50令吉现金
   。
   8.民众购买个人防护装备（PPE）及进行冠病检查的费用，将可获得税务折扣。
   9.政府将额外拨出5000万令吉援助金予低收入群体（B40），作为进行健康检查及购买药物的援助津
   贴。
   10.延长薪金补贴计划长达3个月，并拨出50亿令吉，每位员工每月可获得600令吉的薪金补贴，而每
   家公司最多有200名员工受惠。
   11.以配对资金形式提供5000万令吉的补助金，为大马社险机构（PERKESO）灾难计划和“自愿储
   蓄退休金计划”（i-Saraan）的会员提供经济平台。
3. 政府批准国内组装车豁免征收100%的销售税，从国外进口的汽车则免征50%税务。
   13.从2020年7月1日起至2021年6月30日，全面免征旅游税。
   14.旅游业公司的税收期延长至今年12月31日。
   15.若雇主购买手机、笔记本电脑或平板电脑给予员工，将可获得高达5000令吉的税务折扣，这也是
   政府为鼓励小型企业在疫情期间实行居家工作的措施。
   16.政府将会再度推出“拥有房屋运动”计划，购买房屋价格介于30万至250万令吉之间将可豁免地契
   转让及贷款合约的印花税。至于地契转让方面，免印花税仅限于房屋价值的首100万令吉。这项豁免
   适用于今年6月1日至2021年5月31日之间签订的买卖协议，但须遵守发展商给予至少10％折扣的条
   款。