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Home Ownership Campaign (HOC)

The Home Ownership Campaign (HOC) provides full stamp duty exemptions for residential property purchases up to RM1 million and partial exemptions for properties valued between RM1 million and RM2.5 million, applicable to Sale and Purchase Agreements signed between June 1, 2020, and December 31, 2021. Eligible participants must be Malaysian citizens purchasing properties for residential purposes from registered developers, with a minimum 10% discount on listed properties. Legal fees for property transactions are structured based on the value of the property, with specific scales outlined for different price ranges.

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10 views5 pages

Home Ownership Campaign (HOC)

The Home Ownership Campaign (HOC) provides full stamp duty exemptions for residential property purchases up to RM1 million and partial exemptions for properties valued between RM1 million and RM2.5 million, applicable to Sale and Purchase Agreements signed between June 1, 2020, and December 31, 2021. Eligible participants must be Malaysian citizens purchasing properties for residential purposes from registered developers, with a minimum 10% discount on listed properties. Legal fees for property transactions are structured based on the value of the property, with specific scales outlined for different price ranges.

Uploaded by

adhahisham
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Home Ownership Campaign

(HOC)
• Full stamp duty exemption is given on loan
Who is eligible for the Home Ownership Campaign?
agreement effective for Sale and Purchase
Agreements (SPA) signed between 1st June 2020 to • Registered properties: Eligibility only applies to those registered properties listed by developers within
31st December 2021.
the scheme.
• Applicants enjoyed 100% stamp duty exemption on
• Residential purposes: Purchasers must be buying the property for the purpose of residing within it only.
Instrument of Transfer for any residential home
purchase up to the value of RM1 million • Malaysian citizens: Purchasers and co-purchasers must be Malaysian citizens.
• Properties worth more than RM1 million up to
• 1 June 2020 to 31 December 2021: To be eligible for the exemptions and discount, a Sale and Purchase
RM2.5 million, paid 3% stamp duty on the
Agreement (SPA) must be stamped between 1 June 2020 and 31 December 2021.
Instrument of Transfer for the amount that's more
than RM1 million.

• All properties within the scheme enjoyed a further


stamp duty exemption on the Instrument of
Securing Loan. Up to RM2,500,000 Exempted The properties must be registered with the relevant authority for each region

• Enjoyed a minimum 10% reduction on the Sabah: Properties registered with Sabah Housing and Real Estate Developers Association (SHAREDA).
Sarawak: Properties registered with Sarawak Housing and Real Estate Developers’ Association (SHEDA).
purchasing price of properties listed under the
Peninsular Malaysia: Properties registered with Real Estate & Housing Developers’ Association Malaysia (REHDA).
scheme. Based on the development's approved APDL
pricing, the 10% discount will be applied to that
amount. Whereas for properties that do not have a
• HOC 2021 only applies to new properties registered under the campaign from specific developers.
valid APDL anymore (projects that have already
obtained CCC), the 10% discount is based on its • Campaign is free. Developers must pay a registration fee but that does not apply to home owners.
selling price.
• No limit to the number of properties you can purchase, and get stamp duty exemptions on all of them, under the
HOC 2021.

• A minimum 10% discount applied on all properties within the scheme, with the exception of those subject to
government price controls.
Legal fee and Disbursement
FIRST SCHEDULE
[Paragraph 2(a)]

Sale and Transfer

Consideration or Adjudicated Value Scale of Fees


(whichever is higher)

For the first RM500,000.00 1.0% (subject to a minimum fee of RM500.00)

For the next RM500,000.00 0.8%

For the next RM2,000,000.00 0.7%

For the next RM2,000,000.00 0.6%

For the next RM2,500,000.00 0.5%

Where the consideration or the Negotiable on the excess (but shall not exceed 0.5%
excess of RM7,500,000.00 of adjudicated value is in such excess)

LEGAL FEE CALCULATION BASED ON RM600,00.00

1ST RM500,000.00 X 1.0% = RM5,000.00


NEXT RM100,000.00 X 0.8%= RM 800.00
TOTAL LEGAL FEE= RM 5,800.00

* BASED ON STATUTORY DISCOUNT UP TO 35%


THIRD SCHEDULE
[Paragraph 2(c)]

Charges, Debenture, and other Security or Financing Documents

Amount Secured or Financed Scale of Fees


For the first RM500,000.00 1.0% (subject to a minimum fee of RM500.00)

For the next RM500,000.00 0.8%

For the next RM2,000,000.00 0.7%

For the next RM2,000,000.00 0.6%

For the next RM2,500,000.00 0.5%

Where the amount secured or Negotiable on the excess (but shall not exceed 0.5%
financed is in excess of of such excess)
RM7,500,000.00

For the principal instrument Full scale fee

For each subsidiary instrument 10% (subject to a minimum fee of RM300.00 and a
within the meaning of maximum fee of RM1,200.00)
subsection 4(3) of the Stamp Act
1949 [Act 378]

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