The Road to Recovery is Paved with Good Intentions
The Malaysian government has lined up several initiatives to help the property market recover from the global pandemic, under the National Economic Recovery Plan (PENJANA). According to the Ministry of Housing and Local Government, the initiatives included home ownership campaign (HOC) 2020. HOC 2020 The HOC accords housing developers to allow house buyers stamp duty exemption and incentive in the form of at least 10 percent discount on the sale price. For Malaysians, the HOC