“According to Bank Negara Malaysia, Malaysia’s affordable housing price is RM282,000 based on the average household median income.”
This was the first headline Amelia saw when she browsed through Twitter after a Zoom meeting with her team.
Looking around her rented apartment in Kota Damansara, Amelia – a successful Social Media Manager working for an e-commerce company for 6 years and married for two years, believes she and her husband are now ready to purchase an affordable home of their own.
She clicks on the Google Chrome icon and starts researching her choices.
Table of contents
1. PR1MA
What does it offer? PR1MA properties range from RM100,000 to RM400,000.
Who is eligible?
- A Malaysian citizen of more than 21 years old, with an average monthly household income of between RM2,500 and RM15,000.
- They should own no more than 1 property.
- The properties are allocated through an open balloting process.
- Ideal for young adults who have just graduated or started working.
Any drawbacks? A 10-year moratorium is imposed on the property – where you can’t sell or transfer your property to another party without prior approval from PR1MA.
2. RUMAWIP
What does it offer? RUMAWIP offers stratified studio and one, two and three-bedroom houses. These units are priced below the market price and targeted at low to middle-income individuals.
Who is eligible?
- A Malaysian citizen, over 21 years of age, born, living or working in Kuala Lumpur.
- The buyer’s gross monthly household income must not exceed RM10,000 (for single applicants) and RM15,000 (for married applicants).
What is the cheapest? The cheapest apartment is RM63,000.
What is the most expensive? Three-bedroom units which cost RM300,000.
Any drawbacks? You are not allowed to rent out their property – it has to be for their own use.
Is RUMAWIP the one? Apply now!
3. Rumah Selangorku
What does it offer? If you are renting or planning to reside in Selangor, Rumah Selangorku should interest you – a low-cost housing scheme catered to low- and medium-income families living in Selangor.
Who is eligible?
- Applicants are selected based on a merit system.
- They will not be able to appeal if the application is rejected.
- Applicants that cancel a successful application will get blacklisted for 2 years.
- Having an average monthly household income of between RM3,000 and RM10,000.
- They do not own any property in Selangor.
Any advantages? 7 types of houses under this scheme – each with different built-ups and priced between RM42,000 and RM250,000 each.
Any drawbacks? Resale for Rumah Selangorku houses is forbidden within 5 years, and owners cannot rent out these particular properties.
Is Rumah Selangorku the one? Apply now!
4. BSN MyFirstHome Scheme (for self-employed/those with irregular income)
What does it offer? Targeting those who are self-employed or with irregular income to own a home.
Who is eligible?
- Aged 18 to 65 years old while applying and not exceeding 70 years old at the end of financing tenure.
- Non-fixed income earners, self-employed, gig workers and those with fixed monthly income or salary slips with proof of self-employment.
- For first home only.
- Minimum income of RM1,500
- Not declared bankrupt.
Any advantages? Successful applicants are entitled to access loan financing of up to 100% of the property price with a repayment period of up to 35 years.
Is BSN MyFirstHome Scheme the one? Apply now!
Read more:
5. E-Perumahan DBKL
What does it offer? Perumahan Awam DBKL offers public housing units consisting of studio units and 1-3 room units.
Who is eligible?
- Only married borrowers can apply.
- Low-income groups residing or working in Kuala Lumpur
- They don’t own a home within 35 km from the city centre.
- Renters can later purchase the home if they wish to do so.
Any advantages? Wanting to live in Gombak 2, Kuang/Kenari, Seri Pangkor, and Seri Tioman 1? They are offering medium low-cost houses.
Any difference in requirements?
- For low-cost homes: Household income of no more than RM3,000 a month
- For medium low-cost homes: Household income of no more than RM4,000 a month
Is E-Perumahan DBKL the one? Apply now!
6. Skim Pinjaman Perumahan (SPP)
What does it offer? If you are from the low-income groups working in the private sector only and wish to have a home of your own, this is the one for you.
Who is eligible?
- You and your partner must be Malaysian, aged between 21 to 70 years.
- A member of ONLY the private workforce
- Do not own any other properties.
- You or a member of your family own land
- Household income between RM1,000 to RM3,000 a month.
Any advantages? Low-cost homes of 700-1000 sq ft, with at least three bedrooms and two bathrooms, a living room, and a kitchen.
Is Skim Pinjaman Perumahan the one? Apply here!
7. BSN Youth Housing Scheme
What does it offer? It is designed to help single or married youths own their first home with ease by offering to finance the purchase – be it completed, under construction or sub-sale property.
Who is eligible?
- Must be a Malaysian citizen, aged 21 years to 45 years old
- Single or married with a household income of not more than RM10,000 per month
- First-time house purchaser
- BSN GIRO / GIRO-i account holder
- Proof of property purchase
Any advantages? Up to 100% of the property purchase price/market price.
Is Youth Housing Scheme (BSN) the one? Apply now!
8. Rumah Mesra Rakyat (RMR)
What does it offer? If you are from lower-income earners such as fishermen, farmers, or low-income families without a place of residence or run-down homes – this program gives you access to land, to build and own comfortable, affordable homes.
Who is eligible?
- Malaysian citizens between 18 – 65 years old and above.
- Monthly household income below RM5,000.
- Applicant and spouse do not own any property OR owns a run-down house.
- Owns a suitable land that is free from mortgage/burdens
- Land size must be bigger than 3,000 sqft.
- Subject to financing budget.
Is Rumah Mesra Rakyat the one? Apply now!
9. Skim Jaminan Kredit Perumahan (SJKP)
What does it offer? Perfect for lower-income and irregular-income earners such as fishermen, farmers, and low-income families looking to own a home.
Who is eligible?
- Malaysian citizen aged 18 years old and above.
- Those with stable income, irregular income or self-employed.
- First-home buyer to live in.
- No outstanding CCRIS record over 2 months within the last 12 months.
- No negative credit records within the last 24 months.
Is Skim Jaminan Kredit Perumahan the one? Apply now!
Too many to choose from in finding the home of your dreams? Seek us out to assist you in the perfect affordable housing meant just for you.
Our professional team will help you make the right choice, so leave your details below, and we will contact you soon!
