Weekly Industry News

Zuraida: HOC will not integrate with MM2H

Weekly Industry News

he government has no plans to integrate the Malaysia My Second Home (MM2H) programme with the Home Ownership Campaign (HOC), as the two schemes have different objectives, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

“Both programmes have different objectives and target segments: One is targeting Malaysians with the objective to encourage home-ownership, while the other is aimed at attracting foreign investors,” Zuraida stressed during Parliament session today.

The minister said in a written reply to Ketereh lawmaker Tan Sri Annuar Musa’s queries on the government’s plans of selling luxury home units (homes priced above RM1 million) to foreigners and its implication on the local property market.

Zuraida noted that HOC is a programme that caters specifically to Malaysians only to enable them to own a home with incentives provided by the government and also discounts from the developers.

Media Title:  The Edge Financial Daily

Date: 1 Nov, 2019

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