Weekly Industry News

Developers to launch more projects due to HOC

Weekly Industry News

PROPERTY developers are expected to launch more new developments this year on the back of the reintroduction of the Home Ownership Campaign (HOC).

VPC Alliance (KL) Sdn Bhd MD James Wong said the HOC is a catalyst to do so, particularly in the affordable housing category of below RM500,000.

“In the first quarter of 2020 (1Q20), there were very few housing projects launched. With the Movement Control Order (MCO) on March 18, 2020, there were hardly any new launches.

“Hence, we expect more new housing projects to be launched by developers as the MCO (has been) gradually eased and when it is finally lifted,” he told The Malaysian Reserve (TMR).

Media Title: The Malaysian Reserve

Date: 29 Jun 2020

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