23rd April, 2018

Malaysian housing projects offered by the government have good initials to providing affordable housing to lower-income folk.These housing projects, like the recent completion of part of the MRT network and expansion of the LRT lines in Kuala Lumpur, are important to the government. These projects are heavily subsidised by the government, at a time when similar private condominium units are sold at double or three times the price. The Federation of Malaysian Consumer Associations (Fomca) calls on the government to ensure that priority is given to homes Malaysians can truly afford. The government needs to intervene and regulate the private sector to supply more affordable homes. The government also decided to strengthen measures to eliminate speculation in the market, which inflates home prices. Polices should make speculation expensive to protect first-time home buyers.

The government has been focusing on providing affordable housing in the recent years. The recent Budget 2018 gave the housing sector an allocation of RM2.2 billion, with over 50,000 units being prepared under the affordable housing programme and more financing programmes such as PR1MA to help Malaysian citizens afford their first homes.

Housing is a basic right of consumers. It is the government’s role to ensure that all Malaysian have access to affordable homes. So here are few affordable housing schemes for middle class household whose net income is between RM 2500 to RM 10000.  

PR1MA

PR1MA is most popular and affordable housing scheme started by the government and widely accepted by the middle income households to get their dream home in Johor, Malacca, Seremban, Kuala Lumpur and Kedah.

Program Name	PR1MA RTO
Objective	Provide affordable home to the lower and upper middle class family residing in Johor, Malacca, Seremban, Kuala Lumpur and Kedah
Target Applicants	Any Malaysian
Project Cost	RM 100000- RM 400000
Income Group	Under RM 2500 – RM 1000
Selection Method	Ballots
Who Can Apply	Malaysian Citizenship Above 21 years Old Malaysian Citizen Household Income between RM 25000-RM 10000 Have only one property
How To Apply	Register online Application Wait for Approvals Balloting Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip and IC copy of Applicant and Spouse EPF statement LHDN Statement If Other Property owned, its details
Constraints	Resale is forbidden inside 10 Years Not Allowed to rent Out
Agency	Perbadanan PR1MA
Website	https://www.pr1ma.my

 

RUMAWIP

RUMAWIP is an Affordable housing scheme launch by the federal government for the person residing in the Federal Territories (Kuala Lumpur, Putrajaya and Labuan) targeting the lower and middle class income people.

 

Program Name	RUMAWIP (Rumah Mampu Milik Wilayah Persekutuan)
Objective	Provide affordable home to the lower and upper middle class family residing in Wilayah Persekutuan
Target Applicants	Wilayah Persekutuan Citizen
Project Cost	RM 52000- RM 300000
Income Group	Under RM 15000
Selection Method	Ballots
Who Can Apply	Malaysian Citizenship Above 21 years Old Residing in Wilayah Persekutuan Household Income less than RM 15000 No Property in Wilayah Persekutuan
How To Apply	Register online Application Wait for Approvals Balloting Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip of Applicant and Spouse EPF statement A copy of Utility Bills Statutory Declaration
Constraints	Resale is forbidden inside 10 Years Not Allowed to rent Out
Agency	Ministry of Federal Territories (KWP)
Website	https://rumawip.kwp.gov.my/

 

PPA1M

RUMAWIP is an Affordable housing scheme launch by the federal government solely benefiting the civil servants. Under this scheme the Malay government is concerned with the welfare and dreams of civil servants, especially from the B40 and M40 groups to own their own spacious and comfortable homes in Putrajaya.

Program Name	Perumahan Penjawat Awam 1Malaysia (PPA1M)
Objective	Provide affordable home to the Government Servents.
Target Applicants	Government Servents.
Project Cost	RM 150000- RM 300000
Income Group	Under RM 10000
Selection Method	Ballots
Who Can Apply	Malaysian Citizenship Age between 18-60 (Below Category C Jury) Household Income less than RM 10000 First Property No Property in any other state
How To Apply	Register online Application Auditor Screening Numerous Balloting Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip of Applicant and Spouse Completed PPA1M Form Employment Details Statutory Declaration
Constraints	Resale is forbidden inside 10 Years Not Allowed to rent Out Not Allowed to changed outer appearance
Agency	Jabatan Perumahan Malaysia
Website	https://www.ppa1m.gov.my/

 

MyHome

MyHome is part of a continuous effort by the Federal Government to provide affordable homes to the rakyat (people) of all levels to nationwide benefiting the first time buyer from lower and middle income group people.

Program Name	Private affordable ownership housing scheme (myhome)
Objective	Scheme by Malaysian Government to encourage to develop more affordable homes by private sectors.
Target Applicants	Malaysian Citizen
Project Cost	RM 50000- RM 220000
Income Group	RM 3000- RM 6000
Selection Method	Screening Process
Who Can Apply	Malaysian Citizenship Above 18Yr Household Income RM 3000 – RM 6000 First Time Buyer
How To Apply	Register online Application Wait for Approvals Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip of Applicant and Spouse
Constraints	Resale is forbidden inside 10 Years
Agency	Ministry of Urban Wellbeing, Housing and Local Government
Website	http://myhome.kpkt.gov.my

Rumah Idaman Rakyat

RIR is targeted to middle-income household, to provide the modern and affordable homes are built not only in urban areas, but throughout the country. The priority for these homes is for first-time home buyers, civil servants, disabled persons (OKU) and single mothers.

Program Name	Rumah Idaman Rakyat
Objective	Provide affordable home to the middle Income Group.
Target Applicants	All Malaysian
Project Cost	Under RM 350000
Income Group	Under RM 10000
Selection Method	Screening Process
Who Can Apply	Malaysian Citizenship Above 21 years Old priority for these homes is for first-time home buyers, civil servants, disabled persons (OKU) and single mothers
How To Apply	Register online Application Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip and IC copy of Applicant and Spouse EPF statement Copy of utility bills Statutory Declaration
Constraints	Resale is forbidden inside 5 Years Not Allowed to rent Out
Agency	Syarikat Perumahan Negara Berhad
Website	http://spnb.com.my

Rumah Aspirasi Rakyat SPNB

Rumah Aspirasi Rakyat is launched to achieving the 1Rumah 1Rumah's family by increasing the number of affordable housing funded by the Government to the GLC company and is run by the Housing and Development Commission (SPNB). Under this scheme people will get property in Kuala Krai, Kota Baharu, Ketereh, Sandakan, Pekan and Ampang.

Program Name	Rumah Aspirasi Rakyat
Objective	Provide affordable home to the middle Income Group.
Target Applicants	All Malaysian
Project Cost	Under RM 750000
Income Group	Under RM 10000
Selection Method	Screening Process
Who Can Apply	Malaysian Citizenship Above 21 years Old
How To Apply	Register online Application Financing
Required Documents	Applicant and Spouse NRIC Copy Latest Pay-slip and IC copy of Applicant and Spouse EPF statement Copy of utility bills Statutory Declaration
Constraints	Resale is forbidden inside 5 Years Not Allowed to rent Out
Agency	Syarikat Perumahan Negara Berhad
Website	http://spnb.com.my

Building or buying home is a dream of every person, but your loan application got rejected or you don’t have enough money to down payment for these schemes. Do you still want to fulfill your dream of having your own house, there are few finance options available for affordable housing purchase which makes your dream into reality and these finance options can availed without having to pay the down payment money. These scheme are :

Youth Housing Scheme By BSN My Home

As the name suggest Youth Housing scheme, encourage youth (single or married youth) to purchase their first home sweet home and under this scheme they can avail 100 percent of the loan amount on the property ranging from RM 1 00 000 to RM 5 00 000.

For more details about this loan scheme please click here

First Home Deposit Scheme or MyDeposit Scheme

The First Home Deposit Financing Scheme (MyDeposit) is a special product introduced by the Government to help the middle class (M40) have the first home. This MyDeposit Scheme was launched by the Government through the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) is an initiatives to encourage home ownership by Malaysians.

For more details about this scheme click here

 

EPF Withdrawal for House Purchase

 

This EPF withdrawal scheme allows members to withdraw from their savings in Account 2 to finance the purchase of a house so members can own at least a home in preparation for their retirement.

For more details about this scheme please visit here

Skim Pembiayaan Fleksibel

Skim Pembiayaan Fleksibel scheme is only for PR1MA homebuyers, offering a financing package that consists of: 5 years fixed installment setup on the loan period and the second one EPF Account 2 withdrawal for the purpose of PR1MA home installment up to retirement or end of tenure.

For more details about this scheme please visit here.

 

The Malaysian government has offered multiple affordable housing scheme programs to help and boost the lifestyle of the lower income groups. However, if you do not have any proper financial planning to own a house, then it will still be difficult to purchase a house. It is crucial to plan your personal finance wisely as it will help you to save money and also help you to buy a house in the future. Visit www.therumahmurah.com to find out more about the affordable housing projects in 2018. You can also download our APP from Apple App Store or Google Play store and get comprehensive affordable housing details. The app is free of cost. Rumah Murah is created to help everyone understand Malaysia Affordable Housing in an easy way.