Govt looking to extend HOC till end of 2021


The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin.

She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension.

“However, the MoF (Ministry of Finance) will probably review the conditions, and they will be a little different from the existing ones,” she told reporters after attending Malaysia’s Best Managed and Sustainable Property Award 2021 here yesterday.

Meanwhile, Zuraida said as of Feb 28, 2021, a total of 34,354 units of houses worth RM25.6 billion were successfully sold for the 2020-2021 HOC campaign, with discounts totalling RM4.3 billion.

The HOC in 2020 was implemented with stamp duty exemption, as well as a 10% discount for eligible applicants to purchase houses worth RM300,000 to RM2.5 million.

Source: EdgeProp.my


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