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 Home Ownership Campaign.....

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TSmascot_lim
post Jan 9 2019, 03:49 PM, updated 7y ago

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Seems like HOC that happened during 1998-1999 is coming back anytime soon.......


QUOTE
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.



https://www.thestar.com.my/business/busines...-in-first-half/
TSmascot_lim
post Jan 9 2019, 05:16 PM

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QUOTE(AvenueX @ Jan 9 2019, 04:45 PM)
I think this one tak sama.. This one baru habit financial crisis..
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Lets see.......haha.....
TSmascot_lim
post Jan 14 2019, 09:57 AM

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QUOTE(Tan&tan @ Jan 13 2019, 03:00 AM)
Hi mascot what a name
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Mascot this name quite good ma......even in Sydney there is a neighborhood named "Mascot" too.....quite like the development there....haha.....
TSmascot_lim
post Feb 12 2019, 04:12 PM

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QUOTE(averice @ Feb 12 2019, 03:58 PM)
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?
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From What I understand now is open to the public regardless of you are first homebuyer or not, and all HOC products must be registered under REHDA.
TSmascot_lim
post Feb 12 2019, 06:21 PM

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QUOTE(averice @ Feb 12 2019, 06:19 PM)
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?
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Products sold under HOC are referring to those "overhang" unsold units from developers which needs to register under Rehda.

Of coz individual unit is meant for subsale and not inclusive into the HOC campaign.

The main objective for the HOC campaign is to help developer to clear stock those overhang units.
TSmascot_lim
post Feb 13 2019, 11:38 AM

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QUOTE(averice @ Feb 12 2019, 06:31 PM)
In other words its a Developer Benevolent Campaign for the benefit of developers clearing their unsold units.
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To be frank, gov have no choice but has to do this......

But of coz, for those cash rich one, is an opportunity for them to grab dead chicken deal.
TSmascot_lim
post Feb 13 2019, 02:11 PM

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QUOTE(averice @ Feb 13 2019, 12:48 PM)
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.
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HOC will not only consists of those rural area, even to be frank within KL area also gt unsold unit. Rakyat just simply cant afford for a house unit for those ordinary folks on the street.....

But still, these is an avenue to help developer to clear their overhang unit, although I have a bit reserved on this coming HOC is able to resort for all this overhang issue....
TSmascot_lim
post Feb 27 2019, 01:52 PM

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Our Prime Minister will officiate the events on Friday 5pm at MAPEX KLCC......
TSmascot_lim
post Feb 27 2019, 02:11 PM

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QUOTE(AskarPerang @ Feb 27 2019, 02:07 PM)
Anyone got list of projects enroll under the HOC program?
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If Im not wrong, as long as the developer is registered under REHDA, I think their project is qualified to be enrolled under HOC.....
TSmascot_lim
post Feb 28 2019, 09:41 AM

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QUOTE(Adamant @ Feb 27 2019, 07:05 PM)
I'm not sure if Developers will sell some of the good location properties. Especially for landed houses.
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You may drop by the event from tomorrow onwards to hunt for some good deals....cheers and happy hunting....
TSmascot_lim
post Feb 28 2019, 01:45 PM

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QUOTE(irvene2000 @ Feb 28 2019, 12:19 PM)
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?
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Yeah by right should be in this case, as long as developer registered under REHDA and property is governed under HDA Clause, then it is qualify. however, suggest to double check with developer staff before commit anything till.
TSmascot_lim
post Feb 28 2019, 05:40 PM

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QUOTE(Harry_Bobinski @ Feb 28 2019, 05:23 PM)
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"
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Bro, please provide live info when u be there for the benefit of us......thanks chief...
TSmascot_lim
post Mar 1 2019, 12:04 PM

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QUOTE(Harry_Bobinski @ Mar 1 2019, 11:55 AM)
user posted image

Lakeville project is one of them
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How much the rebate they gv for overall Mah SIng project there?

I think tat side the biggest booth could be EW, if I am not wrong.....
TSmascot_lim
post Mar 1 2019, 06:28 PM

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QUOTE(Harry_Bobinski @ Mar 1 2019, 05:46 PM)
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 -.-
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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?

This post has been edited by mascot_lim: Mar 1 2019, 06:29 PM

 

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