MyBenefits Relief on Housing - Supply of Affordable Homes

Low Medium-cost homesMyHome2 - Skim Perumahan Mampu Milik Swasta

Subsidised low medium-cost homes  
Last updated: November 12, 2017  
All information has not been verified by the relevant Ministry/Agency

What is this programme about?  

In 2014, the government introduced Skim Perumahan Mampu Milik Swasta,  otherwise known as MyHome1, to assist low-income households to own a home. Under this scheme, private property developers are offered a per unit subsidy amount of RM30,000 to build and sell low and low medium-cost homes to qualified applicants. These affordable homes are divided into two categories.

MyHome1 comprises of low-cost homes that are priced between RM50,000 to RM90,000 each.  The offered prices are approximately 33% to 60% lower than the market prices.

MyHome2 is for the lower middle-income households priced between RM90,000 to RM180,000 will cost buyers 17% to 33% less compared to market prices

Who can apply? 

General Eligibility Criteria

(Contact ministry/agency for all other requirements, if any)

  1. Malaysian citizen.

  2. Resident in Malaysia

  3. Married

  4. Age 18 years old and above

  5. Income group Household income between RM4,001 to RM6,000

  6. First-time house buyer

What are myBenefits? 

Assistance: Subsidy to the developer to supply low-cost homes
Income Group: RM4,001 to RM6,000
Target Group: Open to all medium-income households

 

Contacts

Ministry/ Agency: Ministry of Urban Wellbeing, Housing and Local Government (KPKT)

Division: MyHome Unit Policy and Strategic Planning, Division National Housing Department

Website: http://www.kpkt.gov.my/index.php/pages/view/17

Email: 
Mailing address  :

Level 34, No.51, Persiaran Perdana, Precinct 4 Federal Government Administrative Centre 62100 Putrajaya Malaysia
Telephone: 03-8891 4303 / 4308 / 4301

Conditions

Property Commercial Price:

Peninsular Malaysia - RM90,001 to RM170,000
Sabah & Sarawak - RM90,001 to RM220,000
Property Sale Price: Commercial price less RM30,000
Subsidy: RM30,000 offered to the private developer

Restrictions: Moratorium on sale – 10 years

Application process: Register online > Application > Selection > Approval > S&P > Financing

How to apply? 
Application process

.Contact ministry/agency to find out the procedures and processes)

 

What documents do I need for application?

The general requirement of documents needed for the application

(Contact ministry/agency for all other requirements, if any)

  1. Copy of the identity card (myKad) of the applicant and spouse 

  2. Copy of identity card/certificate of birth of family members who live with the applicant

  3. Income Statement or Letter of Confirmation from     (i) Employers/Income Declaration (ii) If Self-employed - Reports from other relevant agencies 

  4. Other income supporting documents (If any): Socso/Epf/Pension/Investment Book

  5. Copy of Utility Bill (Water/Electricity/Phone/Astro etc) 

  6. Completed application form

Disclaimer

Mybenefitsnews is not responsible for any loss or damage caused by the usage of any information obtained from this website

  • White Facebook Icon