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.
From 2012 to 2021, break-even corn prices to cover total costs less other revenue averaged $3.78, $.95 lower than the 2022 projected level. Before 2022, the highest break-even considering other revenue was $4.22 in the 2012 drought year. 2022 Break-even Soybean Prices. Like corn, soybean costs are projected at record highs in 2022 (see Figure 3).
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