June 9, 2020

Incentives for Property Sector

Objective

To stimulate the property market and provide financial relief to home buyers

beneficiaries

Homeowners & Prospective Homebuyers

quantum

RM1 Billion

timeline

Beginning June 2020
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Tax Exemption

1

Home Ownership Campaign (HOC)

Stamp duty exemption on the SPA and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million subject to at least 10% discounts provided by the developer. 

The exemption on the instrument of transfer is limited to the first RM 1 million of the home price while full stamp duty exemption is given on loan agreement effective for sales and purchase agreements signed between 1st June 2020 to 31st May 2021.

2

rpgt exemption

RPGT exemption for disposal of residential homes from 1st June 2020 to 31st December 2021.

This exemption is limited to the disposal of three units of residential homes per individual

3

financing limit

The current 70% margin of financing limit applicable for the third  housing loan onwards for property valued at RM600,000 and above, will be uplifted during the period of the HOC, subject to internal risk  management practices of financial institutions.

Other Links

Useful Resources for References

PENJANA PLAN (ENGLISH VERSION)

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SCHOOL REOPENING GUIDELINE

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SPORTS & RECREATION GUIDELINE

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