No stamp duties for residential units priced RM300,000 to RM1m at Mapex

PETALING JAYA: The Malaysia Property Expo (Mapex), in conjunction with the Home Ownership Campaign (HOC) 2019, will see residential units priced between RM300,000 and RM1mil being exempted from any stamp duties.

In a statement on Thursday, HOC organising chairman Datuk NK Tong urged financial institutions to participate in the campaign.

The expo, which will be from March 1 to 3, is expected to see 180 developers showcasing over 20,000 units of overhang properties worth RM22.5bil with attractive discounts or packages for home buyers.

Other than private developers, several government and government-linked agencies will also be taking part in HOC 2019, namely the Housing and Local Government Ministry, Uda Holdings Bhd, Perbadanan PR1MA Malaysia, Syarikat Perumahan Negara Bhd and Permodalan Nasional Bhd.

Mapex is being jointly organised by the Real Estate and Housing Developers’ Association (Rehda) Malaysia and the Local Government Ministry.

The HOC was announced during the tabling of Budget 2019 in November last year.