{"id":9855,"date":"2019-07-01T17:50:21","date_gmt":"2019-07-01T09:50:21","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=9855"},"modified":"2026-01-09T16:18:37","modified_gmt":"2026-01-09T08:18:37","slug":"lim-guan-eng-incentives-for-first-time-home-buyers-extended-to-dec-31st","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/lim-guan-eng-incentives-for-first-time-home-buyers-extended-to-dec-31st\/","title":{"rendered":"Lim Guan Eng: Incentives for first-time home buyers extended to Dec 31st"},"content":{"rendered":"\n

National Home Ownership Campaign 2019 (HOC 2019)<\/strong> is extended for another 6 months (July 1st – 31st December 2019), the Finance Minister Lim Guan Eng announced today.<\/p>\n

Lim said the extension was to encourage an increase of Malaysian home ownership and reduce unsold houses.<\/p>\n

Stamp duty exemption for first-time home buyers has also been extended to the same period.<\/p>\n

In Lim’s statement, the Finance Ministry has accepted the Ministry of Housing and Local Government request in support of REDHA (Real Estate and Housing Developers’s Association) <\/a><\/strong><\/span>appeal to the extension.<\/p>\n

After its launch in March, HOC<\/strong> has received positive public reception when presented incentives and discounts up to 10%.<\/p>\n

Where it targets housing properties priced between RM300,000 to RM2.5 million.<\/span><\/strong><\/p>\n

Citing a report from the National Property Information Centre (NAPIC)<\/strong>, Lim said the number of unsold homes had 2,313 units valued at RM19.86 billion as at the fourth quarter or 2018.<\/p>\n

NEWS SOURCE: EdgeProp \/ Malay Mail<\/em><\/p>\n

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For a better understanding on the issue, IQI has several helpful articles to help you step closer to your dream home!<\/strong><\/p>\n

Save on MOT for First-Time Home Buyers<\/a><\/span><\/strong><\/p>\n

Six ways to increase your chances on getting a home loan approved<\/a><\/span><\/strong><\/p>\n

Affordable Housing: A Simple Guide<\/a><\/span><\/strong><\/p>\n

Having second thoughts? Our team at IQI are here to guide you!<\/strong><\/p>\n

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