News about Home Ownership Campaign

PETALING JAYA (July 27): Due to the Covid-19 pandemic and the ensuing Movement Control Order (MCO), LBS Bina Group Bhd (LBS) has revised its 2020 sales target to RM1 billion from the previously set figure of RM1.

KUALA LUMPUR (July 1): Property developer MCT Bhd recorded a net loss of RM21.

KUALA LUMPUR (June 25): Eco World Development Group Bhd’s (EcoWorld's) net profit fell 48% to RM21.

KUALA LUMPUR (June 24): Hua Yang Bhd's net loss for its fourth financial quarter ended March 31, 2020 (4QFY20) narrowed to RM4.

KUALA LUMPUR (June 5): The 10% sales tax on complete knock down (CKD) passenger vehicles will be waived while the tax on completely built-up (CBU) passenger vehicles will be halved to 5%, said Prime Minister Tan Sri Muhyiddin Yassin.

PETALING JAYA (June 5): The Real Estate and Housing Developers’ Association (REHDA) Malaysia is confident that the incentives to stimulate the property market under the Penjana Short-term Economic Recovery Plan (ERP) could help alleviate the financial burden on homebuyers and ultimately contribute to economic growth.

KUALA LUMPUR (June 5): The government wants to stimulate the property sector again and it is with this in mind that Home Ownership Campaign (HOC) will be reintroduced while there will also be stamp duty and Real Property Gains Tax (RPGT) exemptions.

PETALING JAYA (May 28): The government is expected to bring back the Home Ownership Campaign (HOC) as part of the country’s economic recovery plan in the second half of the year.

PETALING JAYA (May 1): Johor has the highest number of overhang serviced apartments in the country but the situation is being mitigated by the state government's move to freeze applications for such developments in the state.

PETALING JAYA (May 1): The Home Ownership Campaign (HOC) has contributed to an improvement in Malaysia's overall property market performance in 2019 and should be reintroduced to provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.