My First Home Scheme

PETALING JAYA: The Malaysian property sector is not in any immediate risk of experiencing a bubble, according to property consultant CBRE Malaysia executive chairman Chris Boyd.

He said despite rising residential property prices, houses in Malaysia were still among the cheapest in the region.

“Residential property prices increased at a constant pace in Malaysia until 2009, but [...]

BUYING a home could be the largest purchase one would make in their lifetime, but with the overall cost of properties steadily increasing most people cannot afford to do so. In an effort to help these people, the government introduced the Malaysia My First Home Scheme.

The Malaysia My First Home Scheme (MFHS) or Skim Rumah [...]

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WHILE the government initiative My First Home Scheme (SRP) seems to perfect on paper – helping out those 35 years and below who earn RM5,000 or less to own their first house. Its implementation, however, leaves much to be desired.

And with Barisan Nasional promising to build one million affordable homes in five years if they [...]

The income limit of individual borrowers for My First Home Scheme (SRP) will be increased from RM3,000 to RM5,000 per month effective January 2013.

This enhancement was one of the SRP’s eligibility criteria slated for improvement under Budget 2013’s announcement last year, Cagamas SRP Bhd said yesterday.

For joint borrowers, it said the income limit had been increased up [...]

The My First Home Scheme introduced by the government is not an assurance that all first-time buyers are eligible for housing loan, the Dewan Negara was told.

Deputy Finance Minister Datuk Dr Awang Adek Hussin said  the buyers’ eligibility for a loan would depend on their financial ability and credit evaluation conducted by the banks involved [...]

A total of 436 applications worth RM66.5 million have been approved till October to assist young adults to own a house under the My First Home Scheme, the Dewan Negara was told.

Deputy Finance Minister Datuk Dr Awang Adek Hussein said of them, 337 obtained housing loans amounting to RM50.1 million while applications from the rest [...]

Malaysia Building Society Berhad (MBSB) today launched their “MBSB My First Home Scheme” campaign which offers an exemption of the usual 10 percent down payment.

Through this campaign, MBSB targets to disburse financing of more than RM500 million this year alone.

According to it’s CEO Datuk Ahmad Zaini Othman, the scheme is to enable Malaysian below 35 [...]