Stamp duty for MOT and loan is almost always never exempted in non-HOC discount packages because those are a form of tax. That's the main "saving" that those who took HOC will get. Which is why if you took a unit/project under HOC, the lawyer will make you sign a special form that need to submit to tax authorities.

Free legal fees etc. are by developer usually through special arrangements with their panel lawyers.

Note that these days most HOC projects will mark up their reported purchase price to REDHA so the end result you'll have to pay is still similar to non-HOC prices. The only real savings is the stamp duty.

you may check with this: https://loanstreet.com.my/learning-centre/h...mo-requirements

It also depends on property type.

If buy service apartment (commercial under HDA), there's no stamp duty exemption normally. Then HOC is potentially savings.

It's more important to watch how the nett price is compared to general market value of the area+type of property, and get a house that suits your needs more than how much discounts there are

bear in mind that the costs of discounts, cashbacks, furnishing, deferred instalment packages etc. have been factored in to adjust the nett price and developers do not give such discounts out of charity

with how Malaysia has no central authority/database on the prices of real transactions and the lack of transparency of property value, developers can more or less cincai throw price and do a lot of marketing campaigns to get enough hype to get enough willing buyers

only buy when you're prepared and confident to meet the financial burden

This post has been edited by DragonReine: Oct 14 2021, 05:04 PM

Free sites:

https://www.brickz.my/

https://www.edgeprop.my/edge-reference-price

https://www.edgeprop.my/transaction

You can pay a professional property valuer for peace of mind, but it's several hundred to several thousand per valuation, depending on the price of the property you're intending to buy.

You can also be very thick faced and survey/call several for sale listings in that area pretending to be an interested buyer and negotiate on the prices. This gives you a better idea of how much people are willing to sell at that area, but very hard work and must have good people skills 😂

agent probably pulling leg and getting you to agree to deal with him and his bank contact, house originally valued at 900k already he just trying to convince you to take both the house and the loan through him

since it's subsale you can search sales listing for the same area/project and see if it matches the 900k, or use Brickz to see previous transactions of the area

The price you see on sale listings are suka² put by the seller, may not necessarily reflect the actual market value. They're considered "asking price".

For market value you need to see property valuer's report, either through bank during loan application process or you pay valuer yourself. I've kena cases during my journey as a buyer where the value given by bank/property valuer is lower than the asking price so it's hard to get comfortable loan margin, so I had to cancel my booking 😅

usually owners will have a hard limit that cannot be negotiated lower, that's why agent may say owner wouldn't agree, because owner really wouldn't agree, and it's possible that agent is being truthful in saying bank valuation at 700k

again, surveying similar house listing and transacted price history in the area will tell you if agent is being truthful or lying, because banks/property valuers use similar criteria to value property (transaction history and current marketed prices of nearby properties)

This post has been edited by DragonReine: Oct 25 2021, 04:00 PM

HOC can be enjoyed by non-first time hownowners like your case, since there is no express/explicit restriction that it must be for first time homeowner. Just that you do not qualify for any first time homeowner schemes like Skim Rumah Pertamaku etc.

Up to 110% financing, subject to T&C

official site: https://www.srp.com.my/en/