Seremban to host HOC & MAPEX 2019 from March 15-17

Last update: 05/03/2019

SEREMBAN, March 5 (Bernama) -- A wide range of residential properties worth over RM240 million will be offered for sale at the Home Ownership Campaign (HOC) and Malaysia Property Expo (MAPEX) 2019 at Dataran Centrio Seremban 2 here from March 15-17.

Among others, 600 residential units, which will be showcased by 20 developers at the expo, will be up for grab.

Both events will be organised by the Real Estate and Housing Developers' Association (Rehda) Negeri Sembilan Branch.

Rehda Negeri Sembilan Branch chairperson Jenny Wang Lee Peng said HOC is open to all Malaysians to encourage property ownership by reducing costs.

"Malaysians can purchase a residential unit priced up to RM1 million between January to June 2019 and they will be exempted from all stamp duty obligations. Stamp duty for property priced above RM1 million up to RM2.5 million is maintained at 3.0 per cent.

"Stamp duty loan agreements for properties up to RM2.5 million will also be exempted. Properties purchased during this campaign will also be offered a minimum of 10 per cent discount by participating developers," she said here today.

HOC 2019 is an initiative announced by Finance Minister Lim Guan Eng when tabling the 2019 Budget last November. It is aimed at reducing the price of houses except for regulated house prices, whether they are already built or under construction.

She said the incentives were extended by the government after granting sales and service tax waiver to major building materials such as bricks, cement and sand, as well as construction service, while developers would provide a minimum of 10 per cent discount on new homes, in order to reduce house prices and the number of unsold houses.

"The HOC campaign will be the best time to purchase a house as buyers will not only get a 10 per cent discount, but also stamp duty waivers on the instrument of transfer and the instrument on loan agreement, and additional incentives from participating developers.

"This is the ideal time to jump on the bandwagon to purchase your ideal home. Grab this golden opportunity. We have a lucky draw and free gifts for HOC and MAPEX visitors. Negeri Sembilan is an ideal place to live, work, play and invest," she said.