Property Stamp Duty Exemption Under The Home Ownership Campaign (HOC)

What you need to know about the stamp duty exemption if you are planning to own property under the Home Ownership Campaign (HOC).

16th August 2021

The Malaysian government has been providing financial aid and stimulus to assist its people during the Covid-19 pandemic since 2020. One of the initiatives is to provide stamp duty exemption to purchasers of residential properties under the Home Ownership Campaign (HOC) which is an ongoing effort. The latest stamp duty exemption on Home Ownership Campaign is the gazette at PU(A) 302/2021 dated 12 July 2021 which can be
accessed here.

Starting from 1 June 2021, all transfers for the purchase of a residential property under the Home Ownership Campaign 2021 with a value of more than RM300,000 but less than RM2.5 million.

Stamp duty exemption will be on the first RM1 million and thereafter a duty of RM3 per every RM100 of the balance amount in excess of RM1 million. The stamp duty exemption is only applicable in the following circumstance:

1. Sale and purchase agreement of residential properties entered by an individual purchaser with a property developer.
2. The purchase price is a price after a discount of at least 10% of the original price.
3. The sale and purchase agreement must be executed on or after 1 June 2021 but not later than 31 December 2021 and duly stamped.
4. The Purchaser is required to submit a Home Ownership Campaign 2021 certificate issued by the Real Estate and Housing Developers’ Association (REHDA).

Contents in this article are intended to provide a summary or review of the subject matter and are not intended to be nor should it be relied upon as a substitution for legal or any professional advice.


Written by:
Tan Poh Yee
LL.B (Hons) University of East England, CLP

Halim Hong & Quek