9 October, 2020

Property Guides

Visual by mohamed_hassan from Pixabay

Many Malaysians have a shared dream to own their own property, whether for investment purposes or for their own stay. However, due to the hefty costs that come with purchasing a home, many avoid pursuing the idea.

We know housing affordability has always been a tricky subject but there are certain home ownerships schemes that make owning a property more accessible to keen buyers.

Among these schemes is the re-introduced Home Ownership Campaign (HOC) 2020, which exercises exemptions that lower the entry costs of property purchases – a scheme that might land you that much-coveted dream home of yours, or even a second or third property.

What is HOC 2020?

The government wants to overcome the property glut and clear the surplus of unsold residential units, which is why HOC was reintroduced as part of the current Short-term Economic Recovery Plan (Penjana). The campaign, which runs from 1 June 2020 to 31 May 2021, will exercise stamp duty exemptions for properties priced above RM300,001 and up to RM2.5mil. This will be applicable to residential properties within the primary market, which are units purchased from developers registered with Housing Developers’ Association (REHDA) Malaysia, Sabah Housing

and Real Estate Developers Association (SHAREDA) and Sarawak Housing and Real Estate Developers’ Association (SHEDA).

What are the benefits of HOC 2020?

The current HOC 2020 includes a partial stamp duty exemption on the instruments of transfer and Ioan agreements, while full exemption is granted for those with a Sales and Purchase Agreement signed, as well as stamped at any Inland Revenue Board between 1 June 2020 and 31 May 2021. Additionally, developers are required to give a minimum discount of 10% on the purchase price, while the 70% margin of financing allocated to a homeowner’s third property has been lifted. Hence, you could purchase a home at 90% loan financing (subject to the bank’s risk assessment).

Who is eligible for HOC 2020?

It is open to all Malaysian individuals – Malaysian citizens can either be the main purchaser of a residential property or the co-purchaser.

Visual by The Malaysian Reserve

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Mah Sing’s Eazy to Own, which is a campaign in collaboration with Maybank’s rent-to-own scheme, HouzKEY, offers low entry payments where homebuyers can choose to stay first and own later for lowered monthly payments, or own now with a mere booking fee or RM500!

The deposit for residential properties under this campaign is only 1% for those who want to take the option of “Stay First, Own Later”. Additionally, no payment is required for properties that are still under construction. Here are some attractive participating projects, eligible for HOC benefits.

  • Meridin East: 1,313-acre freehold green township decorated with two 9-acre lakes with family parks, 24-hour security and various family friendly amenities such as schools and restaurants. Own a 2-storey Linked Home here from only RM463,000.
  • M Oscar: Located off Kuchai Lama, Kuala Lumpur this is a freehold residence with 2 to 4-bedroom units priced from RM499,000*.
  • M Adora: Nestled in the Wangsa Melawati city suburb, you can own a 3-bedroom unit for RM468, 000.
  • M Luna: Built next to Kepong Metropolitan Park in Kuala Lumpur, this is a serviced apartment with units priced from RM385,000.
  • M Vertica: Own a 3-bedroom unit nearby the heart of the city centre from RM480,800

*Terms and Conditions Apply

Should you buy a home now?

If you have been on the hunt for a home, this is the right time to finally make a decision. With HOC 2020, coupled with Mah Sing’s Eazy to Own, you do not have to commit a large chunk of your finances due to these lowered costs.

Purchasers under Mah Sing’s Eazy to Own enjoy zero Down Payment with 90% financing even for your third property onwards. What’s even better is that homebuyers enjoy discounts starting from 10% and save on Memorandum of Transfer (MoT) and loan agreements!

Now, home affordability is no longer an excuse for you to avoid your home purchase!

Check out Mah Sing’s Eazy to Own for the full project list and more information.


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Admiral (R) Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal

Chairman/Independent Non-Executive Director




Admiral (R) Tan Sri Dato’ Seri Abu Bakar Bin Abdul Jamal was the 10th Chief and the first four-star Admiral of the Royal Malaysian Navy. Admiral (R) Tan Sri Abu Bakar served the Royal Malaysian Navy for almost 40 years both at the staff and command levels culminating in the highest office of The Chief of Navy from 1998 to 2002.

Admiral (R) Tan Sri Abu Bakar was the former Chairman of Affin Fund Management Berhad and also the former Chairman of several companies covering diverse industries post his retirement including naval and marine, property development, construction and automative. He was also a former Board member of Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board).

In recognition of his services not only to Malaysia but also towards promoting international and regional understanding and peace, Admiral (R) Tan Sri Abu Bakar was bestowed the Panglima Setia Mahkota award carrying the title Tan Sri. In addition, he also received international recognition in the form of the following awards:

  1. Bintang Jalasena Utama by Indonesian President Abdul Rahman Wahid on 28 August 2000
  2. Legion of Merit by United States President Bill Clinton on 6 October 2000
  3. Knight Grand Cross of the Most Noble Order of the Kingdom of Thailand by His Majesty King Bhumibol Adulyadej R on 24 February BE2544 (Gregorian 2001)
  4. Legion d’ Honneur by President of France, Jacques Chirac on 17 June 2001

There is no family relationship between him and any director and/or major shareholder of the Company.