MIEA: Please extend HOC incentives to sub-sale properties

PETALING JAYA (March 4): The government’s incentives for the six-month National Home Ownership Campaign 2019 (HOC) should be extended to  first-time homebuyers of secondary market residential properties, said the Malaysian Institute of Estate Agents (MIEA).

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Steps to buying a home

2019 could be the best year for one to buy a property especially if you are a first-time homebuyer considering the many incentives being doled out by property developers and the government such as stamp duty exemptions.

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The state of Malaysian housing supply

      Definition Number of launches comprises properties launched in 3Q2018 Property overhang comprises units that are completed with the Certificate of Completion and Compliance /Temporary Certificate of Fitness for Occupation (TCF) but remained unsold for more than nine months from the date of launch or after 1st Jan 1997 Existing stock are units that have been issued with the certificate of fitness (CF) or TCF prior to the review period  Incoming supply comprises units where physical construction works are in progress including starts and CF/TCF which have not been issued during the review period Planned supply comprises units with building plan approval obtained within a review quarter.

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Why buy during the HOC?

  Homeownership is no doubt one of the hottest topics in Malaysia currently especially when the inventory of residential property in the country is rising and has accumulated to an all-time high in recent years.

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