Mapex HOC secures RM11.9bil worth of properties

PETALING JAYA: The three-day Malaysia Property Expo (MAPEX) Home Ownership Campaign (HOC) that will kick-off this Friday has already secured RM11.9bil worth of properties from 26 developers. 

HOC organising chairman Datuk NK Tong said the event will feature 51 developers offering properties ranging from below RM300,000 to more than RM1mil. 

“We expect to get confirmation of the units being offered by the remaining 25 developers soon,” he said at a press conference today. 

MAPEX, which is part of the six-months HOC that ends in June, is a collaboration between Real Estate and Housing Developers Association (Rehda) and the Housing and Local Government Ministry (KPKT). 

As such, the expo will feature a government pavilion showcasing projects by KPKT, PR1MA, Syarikat Perumahan Negara Bud, Permodalan Nasional Bhd and UDA Holdings Bhd, among others. 

Also joining the expo are five financial institutions, namely Maybank, RHB Bank, Public Bank, Hong Leong Bank and Standard Chartered Bank, to give investors a selection of financial schemes to meet buyers’ needs. 

All the properties at the HOC will come with a minimum 10% discount and stamp duty waivers on the instrument of transfer and the instrument on loan agreement, as well as additional incentives from participating developers.