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Hoc campaign 2022 - Penang Home Ownership Campaign extended until June 2022





The issue is unlikely to abate in the near term given a large amount of overhang and unsold-under-construction units still in circulation.



In fact, one of the main reasons the HOC was implemented in 2019 was to help curb the overhang in the country.



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I believe Malaysians who could afford to own a home should own a home.



AT Budget 2022 last month, property players had high hopes that the nationwide Home Ownership Campaign HOC , which ends on Dec 31, will be extended into 2022.





The change is to be noted during the Certification Exercise.



As long as we continue to have measures which are supporting first-time home buyers, I am okay if the government also wish to help the rest, especially with the overhang numbers which is actually deterring first-time home buyers from buying due to the negative sentiment.


Description: Spurring growth within the secondary market would mean more transactions, which would influence general market sentiment and boost consumer confidence in the sector.

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Tong, as of Sept 30, a total of 73,503 residential units valued at RM47.
Thus if we follow what MacQuarie Research is saying, it meant that perhaps we may want to skip buying stocks of property developers except Sime Property.
The HOC, which ends tomorrow, is a temporary measure while the ongoing structural issue of oversupply will persist, Kenanga Research noted.

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