Home Ownership Campaign 2020 (HOC 2020)

 

Conditions for Registration of Residential Properties
for Purpose of Stamp Duty Exemption

Exemption Period :

Subject to Stamp Duty ( (Exemption) (No.3) Order 2020 P.U. (A) 216/2020 and Stamp Duty (Exemption) (No.4) Order 2020 P.U. (A) 217/2020 dated 28 July 2020, stamp duty exemptions are given for residential properties which are sold during the period between 1 June 2020 to 31 May 2021.

Eligibility for Exemption :

Only ‘residential properties’, defined as houses, condominium units, apartments and flats including service apartments and SOHO built and used as dwelling – with valid Developer’s Licence (DL) and Advertisement and Sale Permit (AP) or verified by the Ministry of Housing and Local Government (KPKT) (where applicable) or completed with CCC/CF (where applicable) are eligible to register, all other property types are not included in this exercise;

The service apartment and SOHO must be for residential use only and cannot be converted for commercial activities;

Property price (before discount) is within the range of RM300,001 to RM2.5 million;

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 June 2020 to 31 May 2021;

A minimum of 10% discount (from property price) applicable to all units that are not subjected to government price control;

Eligible properties in Peninsular Malaysia must be registered with REHDA 

Malaysia. Eligible properties in Sabah and Sarawak must be registered with SHAREDA (shareda.com) and/or SHEDA (www.sheda.org.my) respectively;

The stamp duty exemption is applicable to the following in relation to the purchase of residential property by an individual Malaysian citizen: 

Instruments of Transfer

Instruments on Securing Loans

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