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Stamp Duty Exemption, HOC Campaign

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Malaysian Finance Ministry extending the Housing Ownership Campaign (HOC) for 6 more month starting from 1st July to December 2019.

Same like earlier this year, this government incentive by stamp duty exemption for housing developer that give at least 10% discount to home buyers. For housing developer NOT registered under REHDA,  the first the buyer can claim the stamp duty exemption from Finance Ministry. Detailed stamp duty exemption shown below :

No. House Price Stamp Duty Exemption Duration of Exemption
a) More than RM300,000 until RM2 500 000 Transfer of approval letter

Stamp duty exemption 100% limited to first million Ringgit of the house value. The remaining will be include in the 3% rate

Loan Agreement

Stamp duty exemption 100% for the whole loan agreement

 

 

1st Jan 2019 until Jun 2019

* now extended until 31th December 2019

Stamp duty exemption for first-time buyer ( including from secondary market )

 

No House Price Stamp Duty Exemption Duration of Exemption
a) Equal or less than RM300, 000 Transfer of Property and Loan Agreement 1st January to 31 December 2020
b) More than RM300,000  to RM500, 000 Transfer of Property and Loan Agreement, limited to first RM300, 000 from the house price 1st January to 31 December 2020