The National Home Ownership Campaign (HOC) initiated by the government to promote home ownership in Malaysia. The campaign is expected to run until 31 December 2019. During this period, home buyers will enjoy stamp duties exemptions on Sale & Purchase Agreement (SPA) and Loan Agreement. A minimum of 10% discount from the purchasing price will also be offered by the projects listed under the scheme.

Eligibility for Exemption

• Only ‘residential properties’, defined as houses, condominium units, apartments and flats including service apartments built and used as dwelling houses – with valid Developer’s Licence (DL) and Advertisement and Sale Permit (AP) or CCC (where applicable) are eligible to register, all other property types are not included in this exercise;
• The service apartment must be for residential use only and cannot be converted for commercial activities;
• Property price : RM300,001 to RM2.5 million (before discount);
• It must be a sale from a developer to a purchaser or co-purchasers, all of whom are Malaysian citizens;
• The stamp duty exemptions are applicable for the purchase of residential unit/s for Sale & Purchase Agreement executed between 1 January 2019 to 31 December 2019;
• A minimum of 10% discount (from selling price) is applicable to all units that are not subjected to government price control.
• Eligible properties in Peninsular Malaysia must be registered with REHDA Malaysia.
• The stamp duty exemption is applicable to the following in relation to the purchase of residential property by an individual Malaysian citizen:

Sale & Purchase Agreement (SPA)

Loan Agreement

FULL LIST OF HOC PROJECTS IN PENANG

The Penang Development Corporation (PDC) has commenced the construction of a building to cater to the current demand for office and work spaces after the proposed RM1.3 billion Business Process Outsourcing Prime (BPO Prime) project has been shelved.

Penang Chief Minister Chow Kon Yeow said the smaller project would be located beside the current PDC headquarters in Bayan Baru.

“It will be known as GBS@Mahsuri.

“The initial BPO Prime project was supposed to be sited at the current PDC headquarters. The plan was to tear down the PDC headquarters for the BPO Prime project.

However, the BPO Prime project has been shelved.

“Nevertheless, we are still seeing interest from relevant parties with regard to office and work spaces. Hence, we are working on a smaller scale project to cater to the business needs.

“The Mayang Mall in Bayan Baru has already run out of office space,” Chow told a press conference at his office today.

It was reported that PDC had signed a Memorandum of Understanding (MoU) with Temasek Holdings Pte Ltd on May 23, 2014, to undertake the development of BPO Prime in Bayan Baru and the Penang International Technology Park (PITP) in Batu Kawan. The BPO Prime was to be managed by the Economic Development Innovations Singapore Pte Ltd (EDIS) once its completed.

It was also reported that the BPO Prime project was shelved due to the soft market.

Chow said that there was no earthwork done for the BPO Prime project.

“There was no holding cost assumed by PDC for the BPO Prime project and there was no exit fee which had to be paid to EDIS.

“The abortive cost for PDC was RM8 million, which includes the engagement of consultants and other works done,” Chow said.

He added that there were no losses incurred by PDC in relation to the aborted deal.

Source: Buletin Mutiara

Now that the HOC has received the nod to extend its campaign and seamless benefits until the end of December by many, make your way down to the Affordable Homes, Primary & Secondary Market at the PECC (Sunway Carnival Mall Level 4) on the 23rd to the 25th August 2019 (Friday – Sunday) from 10am to 10pm.

If your urge to own a home is vigorous, then keep gauging as the doors will be opened with the best housing deals, trustable government housing schemes, and a feasible access for better financing aids. Everything that you need to know is right here!

A newly proposed commercial development by Pin Da Development Sdn. Bhd. in the heart of George Town. It is strategically located along Jalan Anson, about 15 minutes walk from KOMTAR. The land parcel is currently occupied by Oldtile Enterprise Sdn. Bhd.

The proposed development plan will see the construction of a 30-storey hotel with 248 rooms. It will also feature commercial spaces located at level 8-11 and 30.

More details to be avaialble upon project approval.

Project  Name : (To be confirmed)
Location : George Town
Property Type : Commercial
Built-up Area : (To be confirmed)
Total Units : 248 rooms
Developer : Pin Da Development Sdn. Bhd.

Location Map:

A total of 2,093 buyers of The Rise affordable housing near S.P Chelliah Road here will soon receive their keys as final clean-up work is being carried out by the developer, Zubicon Sdn. Bhd.

Housing, Town and Country Planning and Local Government Committee chairman, Jagdeep Singh Deo, when informed of the matter, expressed his excitement when the project, developed over three years ago, became a reality and boasted that it had amenities like those in luxury condos.

“I understand that the project will be delivered to buyers by the end of this month, and now the developer is in the final phase of cleaning and sales have reached 99 percent of the total 2,093 units.

“What’s exciting about this is the Affordable Housing (RMM) project located in the heart of George Town with various amenities such as a children’s and adult swimming pool, playground, gym and resource center.

“These facilities are not ours (the State Government) which demands that they are not in the guidelines, but this is a gift from the developer,” he said, joking that the RMM project may be the first in a country to have such facilities with the sale unit price beginning. RM200,000.

Jagdeep also praised Zubicon’s efforts to obtain a Green Building Index (GBI) rating for both projects (KSR and RMM).