[vc_row][vc_column][vc_single_image image=”2382″ alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Malaysian Finance Ministry extending the Housing Ownership Campaign (HOC) for 6 more month starting from 1st July to December 2019.
Same like earlier this year, this government incentive by stamp duty exemption for housing developer that give at least 10% discount to home buyers. For housing developer NOT registered under REHDA, the first the buyer can claim the stamp duty exemption from Finance Ministry. Detailed stamp duty exemption shown below :[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
| No. | House Price | Stamp Duty Exemption | Duration of Exemption |
| a) | More than RM300,000 until RM2 500 000 | Transfer of approval letter
Stamp duty exemption 100% limited to first million Ringgit of the house value. The remaining will be include in the 3% rate Loan Agreement Stamp duty exemption 100% for the whole loan agreement
|
1st Jan 2019 until Jun 2019
* now extended until 31th December 2019 |
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Stamp duty exemption for first-time buyer ( including from secondary market )
| No | House Price | Stamp Duty Exemption | Duration of Exemption |
| a) | Equal or less than RM300, 000 | Transfer of Property and Loan Agreement | 1st January to 31 December 2020 |
| b) | More than RM300,000 to RM500, 000 | Transfer of Property and Loan Agreement, limited to first RM300, 000 from the house price | 1st January to 31 December 2020 |
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source: http://www.treasury.gov.my/index.php/galeri-aktiviti/siaran-media/item/5327-siaran-media-lanjutan-tempoh-pengecualian-duti-setem-bagi-pembelian-rumah-kediaman-semasa-kempen-pemilikan-rumah-hoc-selama-enam-bulan-sehingga-31-disember-2019.html[/vc_column_text][/vc_column][/vc_row]