For many Malaysians, owning a home is high up in the wishlist as they grow into adulthood. Sure, renting is a more affordable option, but let’s face it, there’s nothing like having a home that’s truly yours to design and live in. Sounds perfectly dreamy, but recent developments have made it difficult to buy one.
Home Ownership Woes
In recent years, there has been a large number of unsold properties in the country as Malaysians have slowed down on buying homes due to a number of reasons. Two of the main factors are high property prices and stricter home loan approvals set by financial institutions. Both these factors mean homeownership has become out of reach for many Malaysians.
This situation, which is definitely not ideal, can be quite demotivating if you want to own a home to live in. There is some good news, however: both the Malaysian government and property developers are addressing this issue with a number of initiatives to give more value for potential home owners.
Home Ownership Just Got More Rewarding
To celebrate its 25th anniversary, Mah Sing has launched the “Lock and Win” Campaign which runs until 30 September. This campaign not only offers a minimum 10% discount off selected projects with stamp duty exemptions, new home owners also stand a chance to win from RM2 million worth of prizes, including cash rewards up to RM50,000 and hotel vouchers. Winners will be selected via a lucky draw from a pool of buyers who signed their sale and purchase agreements (SPA) with the booking fee required paid by the end of the campaign.
On top of that, this campaign also offers an opportunity to earn up to RM60,000 when you refer your friends and family to purchase Mah Sing properties. So not only will you be recommending some quality properties to your loved ones from a respected and established developer, you can get rewarded in the process too! You’d also be encouraging them to take advantage of the HOC incentives so it’s a win-win for everybody.
Participating Projects for the Lock and Win Campaign
The Lock and Win campaign covers a large variety of Mah Sing properties across Peninsular Malaysia. You can take part in the campaign when you purchase the following Mah Sing properties:
- M Oscar (Off Kuchai Lama, KL)
- M Aruna (Rawang, Selangor)
- M Vertica (Cheras, KL)
- Sensory@Southville City (Bangi, Selangor)
- M Arisa (Sentul, KL)
- Meridin East (Pasir Gudang, Johor)
On top of a wide variety of locations, Mah Sing projects also cater to a variety of budgets, ranging from the affordable (Meridin@ Medini from RM266,000) to the luxurious (Legenda from RM4.9 million).
The Home Ownership Campaign
In January this year, the Housing and Local Government Ministry launched a Home Ownership Campaign (HOC) that offers benefits such as:
- Total stamp duty exemption for properties priced up to RM1 million
- Discounted stamp duty for properties priced between RM1 million and RM2.5 million (3% stamp duty)
- Total exemption on stamp duty for Instrument of Securing Loan for properties up to RM2.5 million
- 10% discount on property price for properties under the HOC scheme.
This campaign was designed to encourage the purchase of new unsold properties as well as make it easier for Malaysians to own homes for residential purposes. While initially intended to end at the end of June 2019, the HOC has recently been extended to the 31 st of December 2019 to give Malaysians more time to find the right home and enjoy the HOC’s benefits.
With this extension, potential home buyers can double dip in rewards by taking advantage of both the Mah Sing Lock and Win campaign with the HOC, as a number of Mah Sing properties are eligible to enjoy the HOC benefits.
For more information on the “Lock and Win” campaign, visit mahsing.com.my/lockandwin.