KUALA LUMPUR (Oct 4): To encourage home ownership among Malaysians, cash rebates worth RM672,000 will be awarded to buyers of houses priced under RM300,000 at the 2019 Home Ownership Campaign (HOC) for affordable houses.

Housing and Local Government Ministry secretary-general Datuk Seri Mohammad Mentek said the rebates which will be distributed via a lucky draw during the three-day campaign starting today was the booth rental collected from 42 participating exhibition booths.

“The rebate is being offered for the first time as the collection (booth rental) should be channeled to the Ministry but this time, we are giving it to lucky house buyers.      

“This is an initiative of HOC to attract B40 group to buy houses in line with the Government’s aspiration to assist the group,” he told reporters after the opening of the central zone campaign here today.

Apart from the rebate, the campaign themed HOC300 is also offering several incentives to buyers with discounts up to RM30,000 through the Affordable Home Scheme.   

Perbadanan PR1MA Malaysia (PR1MA) is also offering up to 30 percent discounts and rebates for selected projects apart from vouchers worth up to RM30,000 in the form of electrical appliances and furniture to lucky house buyers.

The government through Bank Negara Malaysia is also providing housing funds for affordable houses for households with income of RM4,360 for houses priced up to RM300,000 at 3.5 percent with a repayment period of up to 40 years or aged 70 with registered banks.

Through the campaign, Mohammad said the ministry is targeting to sell 60 percent of the 12,438 houses offered worth about RM2.9 billion.         

"This HOC300 is targeting to sell houses priced between RM100,000 to RM300,000 in the central zone involving locations in Kuala Lumpur, Selangor, Negeri Sembilan, Melaka and Perak.

"After this, HOC300 will be extended to the Northern, Eastern and Southern Zones to enable the lower and medium income groups to own houses,” he said.

HOC is organised by the Government with PNB Development Sdn Bhd and Malaysian Resources Corporation Bhd (MRCB) with 42 booths comprising six government agency pavilions, 32 housing developers as well as four financial institutions and consultancy services.

Interested members of the public can visit Nu Sentral Shopping Centre in Kuala Lumpur from today until Oct 6 from 10am to 10pm.