Government to extend home ownership campaign till end-2021

The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin.

She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension.

“However, the MOF will probably review the conditions, and they will be a little different from the existing ones,” she said at a property award ceremony yesterday.

Zuraida said as at February 28, 2021, a total of 34,354 units of houses worth RM25.6 billion were successfully sold during the 2020-2021 HOC campaign, with discounts totalling RM4.3 billion.

The HOC in 2020 was implemented with stamp duty exemption, as well as a 10 per cent discount for eligible applicants to purchase houses worth RM300,000 to RM2.5 million. – Bernama

Source: NST