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How to Benefit from Home Ownership Campaign 2019



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Great news for those looking to buy a home! The Malaysian government has extended the Home Ownership Campaign (HOC) till 31 December 2019. You can now take advantage of this extension on the HOC, and realise your dream of owning a home into a reality.

The HOC is a government initiative started by Minister of Finance YB Mr Lim Guan Eng to increase your chances to own your dream house, as well as help clear the overhang in the housing market and encourage property ownership. The campaign was initially targeted to run from 1 January to 30 June 2019, but it has now been extended till 31 December 2019.

How do you know if you are eligible?


You will be eligible if you meet the following conditions:

  • All Malaysian citizens looking to buy a house (properties priced between RM300,000 and RM2.5 million) will enjoy a minimum of 10% discount from the property developer.
  • To meet the eligibility criteria, the purchaser must have their Sales and Purchase Agreement (SPA) signed and stamped on before 31 December 2019.
  • The stamp duty exemption is limited to one unit per purchaser only.
  • You also get a 100% stamp duty exemption on the Instrument of Transfer and Instrument of Loan Agreement.

Instrument of Loan Agreement

Price Stamp Duty
Up to RM250,000,000 Exempted

Instrument of Transfer

Price Stamp Duty
First RM100,000 Exempted
RM100,001 to RM500,000 Exempted
RM500,001 to RM1,000,000 Exempted
RM1,000,001 to RM2,500,000 3% (instead of 4%, which will take effect on July 2019)

For example, if you are looking to buy a property worth RM550,000:

Variables Without HOC rates With HOC rates
Downpayment RM55,000 0
Stamp Duty Loan RM2,475 0
Stamp Duty MOT RM10,500 0
Monthly Installment RM2,508.09 RM2,508.09
Total RM70,483.09 RM2,508.09

How do you qualify for exemptions?

However, do note that exemptions are only applicable for residential properties in the primary market like landed houses, condominiums and serviced apartments that are completed or under construction, and governed by the Housing Development Act with a valid Advertising and Sales Permit (AP) and a Developer’s License (DL) and/or a Certificate of Completion and Compliance (CCC). But if you’re thinking about purchasing a small office or a subsale unit, you are unfortunately not eligible to enjoy the perks of HOC.

Also, do take note that the eligible properties in Peninsular Malaysia are required to be registered with the Real Estate and Housing Developers’ Association (REHDA) Malaysia. On the other hand, the eligible properties in Sabah and Sarawak must be registered with the Sabah Housing and Real Estate Developers Association (SHAREDA) and Sarawak Housing and Real Estate Developers’ Association (SHEDA) respectively.

So, don’t forget to check if the property you wish to buy is eligible for HOC 2019; you won’t want to miss out on this opportunity which lasts till 31 December 2019! While you’re at it, check out our new property launches:

Our deals are exclusive, directly from property developers themselves, and you can be sure that there are no duplicate listings on the Ohmyhome platform so that you can have a clear overview of all the options available to you!

Don’t know where to start? Call +60 16-299 1366 to get in touch with our dedicated customer service today!

Source: Treasury MY

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