For those who are going to buy their first house, there is incentive provided by the government under MyDeposit scheme. Buyers can now enjoy down-payment incentive up to RM30,000 or 10% of property price, whichever amount is lower.
To enjoy the incentive, first time buyers have to fulfill the following criteria :
i) Malaysian citizen
ii) Above 21 years old
iii) First time house buyer. Do note that the term buyer in this context refers to the household. For married couple, if your spouse already owns a house, then you are not entitled for the incentive.
iv) Property price is RM 500,000 or less.
v) New housing project and you buy directly from the developer.
vi) The house is not those offered under federal or state government project like PR1MA, PPA1M, PPR, Rumah Selangorku etc.
If you meet all this criteria, you can apply for MyDeposit incentive. Application for 2018 MyDeposit is now open from 15 December 2017 till 15 February 2018. So. hurry up and don't miss it out.
For application and to get further info on this, you may go to Ministry of Urban Wellbeing, Housing And Local Governement website under this link -
http://www.kpkt.gov.my/index.php/pages/view/397
Hope you guys will enjoy the incentive given by the governement. 😀
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