{"id":485,"date":"2021-02-16T04:29:21","date_gmt":"2021-02-16T04:29:21","guid":{"rendered":"http:\/\/blog.atmycondo.com\/?p=485"},"modified":"2026-07-17T11:40:29","modified_gmt":"2026-07-17T11:40:29","slug":"new-development-hoc-2020","status":"publish","type":"post","link":"https:\/\/ziba-property.com\/blog\/new-development-hoc-2020\/","title":{"rendered":"New development prices to be lower in Malaysia with HOC 2020-2021"},"content":{"rendered":"

Property prices in Malaysia continue to pose challenges for many prospective buyers. With limited land available in city centers, land prices remain high, forcing developers to charge a premium for properties within a 5-10 km radius of urban hubs.<\/p>\n

Given the significant costs involved in purchasing a home, many Malaysians, particularly younger generations, have hesitated to pursue property ownership due to the long-term financial commitments it entails.<\/p>\n

While housing affordability has long been a challenge, several homeownership schemes are now available to make purchasing a first home more attainable. Among these, the reintroduced Home Ownership Campaign (HOC) 2020 stands out, offering exemptions designed to lower the entry costs of homeownership. This scheme benefits not only first-time buyers but also those looking to upgrade or purchase a second or third property.<\/p>\n

\"Skyline<\/p>\n

What Is HOC 2020?<\/strong><\/h2>\n

The Home Ownership Campaign (HOC) was reintroduced by the Malaysian government as part of the Short-Term Economic Recovery Plan (Penjana) to address the property glut and reduce the surplus of unsold residential units. Running from June 1, 2020, to May 31, 2021, the campaign offers stamp duty exemptions for properties priced between RM 300,001 and RM 2.5 million.<\/p>\n

This initiative applies to properties purchased from developers registered with the Real Estate and Housing Developers’ Association (REHDA) Properties for sale in Malaysia<\/a>, Sabah Housing and Real Estate Developers Association (SHAREDA), and the Sarawak Housing and Real Estate Developers’ Association (SHEDA). Many participating developers also offer additional exemptions on legal and other associated fees to further support the campaign and encourage sales.<\/p>\n

Key Benefits of HOC 2020<\/strong><\/h2>\n

The HOC 2020 campaign offers several notable advantages for buyers:<\/p>\n