Home > News > Nation
Friday March 28, 2014 MYT 12:00:00 AM
Friday March 28, 2014 MYT 10:43:52 AM
by lee yen mun
PUTRAJAYA: The MyHome Scheme, which provides a RM30,000 incentive for each affordable house, will be open for applications starting April 1.
Private sector developers and house buyers interested in the scheme may file their applications online via http://ehome.kpkt.gov.my.
The scheme, announced by Prime Minister Prime Minister Datuk Seri Najib Tun Razak last year, consists of a RM300mil incentive allocation offering 10,000 units of affordable homes nationwide.
“MyHome is part of a continuous effort by the Federal Government to provide affordable homes to the rakyat (people) of all levels,” said Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan at the launch of the scheme here yesterday.
Under the scheme, qualified private sector developers will receive an up front incentive of RM30,000 per affordable home sold.
The incentive would cover the 10% deposit required of buyers after the sales and purchase (S&P) agreement is signed.
A 10-year moratorium would apply from the effective date of the S&P agreement, prohibiting a buyer from re-selling or transferring ownership of the home except if the latter is carried out to immediate family members.
The scheme is expected to benefit two categories of households. While MyHome1 is open for households with an income of between RM3,000 and RM4,000, MyHome2 is for those with a household income of between RM4,001 and RM6,000.
Houses under the MyHome1 would cover a minimum of 800 square feet of space with a market price of between RM80,000 and RM120,000 in the peninsula and between RM90,000 and RM120,000 in Sabah and Sarawak.
MyHome2 prices would range between RM120,001 and RM200,000 in the peninsula and between RM120,001 and RM250,000 in Sabah and Sarawak for homes measuring a minimum of 850 square feet.
MyHome2 houses will have three bedrooms and two washrooms as well as basic amenities such as parking spaces, a community hall, a surau and a playground.
Interested buyers must be Malaysians aged 18 years old and above who are buying a property for the first time.
“Qualified buyers will be reviewed by the ministry and a selection will be done through a balloting process,” Abdul Rahman said.
Consumer groups call for transparent house buyer selection
Tags / Keywords:
Government, housing, Private Affordable Home Ownership Scheme
Unit owners not required to pay for extras
RM200mil set aside for Housing Aid Programme
Living small: A micro-home is where the heart is
Houses using PIR technology likely to be built for flood victims
Housing balancing act
Canadian performs daring escape act with 20 snakes in a box
Bakery chain pulls 'Lee Kuan Yew' bun following uproar
Joint operation nets traffic offenders and illegal immigrants
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
Facebook talks up need for virtual reality, big tech bets
Trek with the right backpack
iZombie breathes new life into dead genre
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)