NEWS & EVENTS

PAST NEWS & EVENTS

19-24

Mar 2019

Melaka Home Ownership Campaign 2019

Melaka Home Ownership Campaign (HOC) 2019 was held successfully from 19 to 24 March 2019 at Aeon Mall, Bandaraya Melaka. It was participated by Lembaga Perumahan Melaka, PR1MA, SPNB, Maybank and 26 private developers. More than 3,023 units of property worth over RM1.25 billion were offered during the 6 days exhibition.

The opening ceremony was graced by YB Damian Yeo Shen Li, Ahli Dewan Undangan Negeri Melaka Kawasan Duyong, representing Chief Minister of Melaka Tn Adly Bin Zahari. During the HOC period, Malaysian homebuyers will be exempted from stamp duties on instruments of transfer for properties priced up to RM1 million and for loan agreements of up to RM2.5 million for the purchase of residential units registered under the HOC. The current stamp duty on instrument of transfer for the first RM100,000 is 1%, 2% for properties priced RM100,001 to RM500,000 and 3% for properties priced RM500,001 and above. For properties priced at RM1,000,001 to RM2.5 million, the stamp duty will remain at 3% until the end of June after which it will be raised to 4%.

During the press interview after the opening ceremony, REHDA Melaka Dato’ Sri Ngoh King Hua seeking the State Government’s consideration for the immediate release of 995 bumiputera lots completed with Certificate of Completion and Compliance as to ease the financial burden of REHDA Melaka members.

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