Maybank Investment Bank Research said property sales would be boosted by the soon-to be-launched Home Ownership Campaign (HOC), a joint effort between the government and private developers.

It said historical data showed that home sales rebounded strongly by 33% in 1999 when HOCs were launched in December 1998 and fourth quarter of 1999, after a sharp plunge by 36% in 1998.

“Under the 2019 HOC, stamp duty exemption will be granted for first-time homebuyers for properties priced between RM300,000 and RM1mil per unit from Jan 1, 2019 to June 30, 2019.

I think this one tak sama.. This one baru habit financial crisis..

Lets see.......haha.....

Hi mascot what a name

Finance Minister Lim Guan Eng said for homes priced up to RM2.5 million, the stamp duty on transfer of ownership title or memorandum of transfer (MOT) will be waived for the first RM1 million and reduced to 3% for the subsequent RM1.5 million. The 3% stamp duty will revert to 4% after the campaign ends.

Source:
https://www.thesundaily.my/business/govt-an...gCtSz71Ft-c9Nlc

Is this MOT waiver for first time home buyers only??

yes and there are certain criteria to be met

I know only first time buyers are eligible for waiver of stamp duties on S&P/loan agreements. How about the waiver of stamp duty on MOT which is added later? Anyone here can confirm with source?

download from here

loan - pg 6. effective only from 1jul2019 onwards

spa - pg 48-54. 'instrument of transfer' means MOT.

Is this HOC meant for first time buyers from developers only or can houses from non-developers (meaning from anyone who owns a house) be bought under this HOC as well?

Can individual owners then register their home in the HOC campaign as a product?
By this way can individual owners sell their houses in this HOC?

In other words its a Developer Benevolent Campaign for the benefit of developers clearing their unsold units.

There could be a reason why they could be left as "dead chicken" in the first place. 
Most development done were on the fringes of Klang Valley like Rawang, Semenyih, Bukit Beruntung etc. where most people shun these areas. The majority would want to be located within KV.
In this case even with the HOC and all its perks it may not be enough to entice the buyers if location was the main problem to begin with.
Even cash rich investors avoid these areas because it is not easy to get renters to rent out later on unless the investors are unwise ones.

Some developers are already absorbing the stamp duties on S&P and loan agreements right now. What is the point to this? It does not even apply to subsale buyers anyways :/ From what I see, it is only benefiting the developers to have what they usually do be advertised in the name of govt

but not many developers are absorbing stamp duty on MOT

Anyone got list of projects enroll under the HOC program?

I'm not sure if Developers will sell some of the good location properties. Especially for landed houses.

My project is a serviced apartment complex (residential) with commercial title. Is it eligible for the stamp duties exemptions?

The stamp duties exemptions for Instrument of Transfer and Instrument on Loan Agreement is applicable for all residential units governed by the Housing Development (Control and Licensing) Act 1966 (Act 118) and Regulations. If your service apartment project possesses APDL, it is entitled for the stamp duties exemptions.

Was reading the FAQ on the HOC campaign page and came upon this question below. Does this mean most serviced apartments would be included as long as they are registered under Rehda for the campaign?

Some developers are already absorbing the stamp duties on S&P and loan agreements right now. What is the point to this? It does not even apply to subsale buyers anyways :/ From what I see, it is only benefiting the developers to have what they usually do be advertised in the name of govt

On top of my head, I can already think of Chimes@Bandar Rimbayu. There are plenty more which you can look for.

I'm not sure if Developers will sell some of the good location properties. Especially for landed houses.

Well...... actually the cost of stamp duties on S&P and loan agreements are already included in the selling price. There is no such thing as a TRULY FREE benefits from housing developers.

Why not? As long as the developers can sell their properties, it wont matter the properties' locations.

Yeah well, this initiative in itself is to encourage home buyers who do not own enough cash to purchase their first homes. Yes they will be included in selling price but no doubt it is going in the same direction as the developers' initiatives to sell those houses without first time buyers to worry about upfront cash.
I would highly doubt it. Good location = high price =/= first home buyer. But then again, it's my opinion. Lets wait to tomorrow. I will be going there to "sibuk"

Bro, please provide live info when u be there for the benefit of us......thanks chief...

Lakeville project is one of them

Tropicana Metropark Subang Jaya 12%
Gamuda Cove just mentioned at least 10%
UEM Serene Heights up to 15%!!! Location was mentioned Cheras. It’s Semenyih -.-

UEM Serene height is in the border of Semenyih and Bangi.....

Most of the projects all offer at least 10% rebate? gt any project offer more than 20% rebate?