Thinking of buying a house? Pencil Sheda’s roadshows into your diary

Silhouettes of workers on a construction site. — DayakDaily.com file pic. // Photo: Pixabay

KUCHING, March 27: Sarawak Housing and Real Estate Developer Association (Sheda) will hold a series of roadshows in the state from April to June to promote home ownership.

The first roadshow will be on April 5-7 at Vivacity Megamall Kuching to be followed by Wisma Sanyan in Sibu (April 12-14). Those to be held in Bintulu and Miri will be announced later.

There will be 36 booths during the Sheda Kuching Branch’s first Home & Property Roadshow 2019, featuring properties from throughout Sarawak, Kuala Lumpur and Johor. It will showcase current projects and new launches.

Potential home buyers can expect to enjoy special discounts and rebates during the three-day roadshow under the HOC2019 (Home Ownership Campaign 2019). Potential home buyers can also win cash vouchers sponsored by Nippon Paint and attractive prizes in the Buy and Win Lucky Draw.

Major exhibitors participating in this roadshow include NAIM Berhad, Maybank Berhad, Inland Revenue Board, Perbadanan PR1MA Malaysia and Sheda members.


Sheda Home & Property roadshows offer opportunities for both developers and the public to seek and identify different options available from a wide selection gathered under one roof.

Owning a home is a basic necessity, and for most of us, owning a property constitutes the largest single investment in one’s lifetime. Most buyers will take a prudent approach before making their decision.

At the Sheda property roadshows, all those questions can be answered and potential buyers will able to capitalise on the HOC incentives in materialising their dream to own their desired home.

This comes under the National HOC2019, pursuant to Stamp Duty (Exemption) (No. 2) & (No.3) Order 2019, which applies to any individual purchaser buying residential properties from housing developers offering 10 per cent discount with the value that is more than RM300,000 but not more than RM2.5 million on or after Jan 1,2019, but not later than June 30, 2019.

The application for exemption under subparagraph (1) shall be accompanied by a National Home Ownership Campaign 2019 Certification issued by the Real Estate and Housing Developers’ Association (Rehda) Malaysia, Sabah Housing and Real Estate Developers Association (Shareda) or Sheda.

Sheda has been tasked to issue the required certificates for the qualifying projects and property involved in Sarawak in order that the relevant transaction(s) can be exempted from stamp duty. Sheda welcomes all interested developers to register their projects with Sheda as soon as possible.

Besides, pursuant to Stamp Duty (Exemption) (No.6) Order 2018, all instrument of transfer in relation to the purchase of only one unit of residential property, where the value is not more than RM300,000 by an individual, shall also be exempted from stamp duty.

Summary of the various categories of stamp duty exemption are as follows:

Remission/

Refinement

Date of Adjudication Date of S&P Housing Price of S&P Requirement
PMT

P.U(A) 376/2018

1/1/2019-30/6/2019 RM1 million – RM2.5 million @ 3%

from July: RM1 million and above @ 4%

All types of properties.
PMT

P.U(A) 377/2018

1/1/2019-31/12/2020 <RM300k (exceptions) First home only.

*subsale eligible

PMT

P.U(A) 378/2018

1//2019-30/6/2019 RM300k – RM1 million (exceptions) Purchase of first residential property from developer only.
PMT

P.U(A) 49/2019

1/7/2019-31/12/2020 RM300k – RM500k (limited remittance to only RM5000) First home only.
Security

P.U(A) 321/2018

1/1/2019-31/12/2020 <RM300k (exceptions) First home only.
Security

P.U(A) 320/2018

1/7/2019-31/12/2020 RM300k – RM500k (limited remittance to only RM1500) First home only.
P.U(A) 81

Stamp Duty (Exemption) (No.2) Order 2019

1/1/2019-30/6/2020 RM300k – RM2.5m Any residential property under the National Home Ownership Campaign 2019
P.U(A) 82

Stamp Duty (Exemption) (No.3) Order 2019

1/1/2019-30/6/2020 RM300k – RM2.5m Any residential property under the National Home Ownership Campaign 2019

 

For more inquiries on the stamp duty exemption, refer to Inland Revenue Board. — DayakDaily.