Home Ownership Campaign (HOC)
Good news for property buyers!
From 1st January 2019 to 30th June 2019, all Malaysian citizen who is buying a house (limited to ONE Residential Property only per person, priced from RM100,000 to RM2.5 million) is eligible to enjoy a minimum 10% Discount (you may get more) from the Property Developers.
On top of that, you will also get a 100% stamp duty exemption on MOT (Memorandum of Transfer – priced up to RM1mil) and Loan Agreement (priced up to RM2.5mil).
Summary on the Stamp Duty for Transfer of Ownership 2019 :
- Stamp duty remain at 3% for property above RM1mil to RM2.5mil till 30.06.2019.
- Stamp duty shall increase from 3% to 4% for property above one million starting from 1.7.2019.
Stamp Duty Exemption (SPA & LOAN)*
Stamp duty exempted for first home buyer as per below circumstances:-
- Direct purchase of residential property from developer at the price of RM300k to RM1mil from 1.1.2019 till 30.6.19
- Property which is RM300k or lesser will be entitled to full stamp duty exemption from 1.1.19 till 31.12.2020
- Property which is RM500k or lesser will be entitled to stamp duty waiver for first RM300k i.e. RM5k from 1.7.19 till 31.12.2020
Instruments of Transfer
Loan Agreement
