Budget 2019: Bank Negara's measures for affordable homes


Malaysia's central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said.

KUALA LUMPUR: Bank Negara Malaysia (BNM) would like to announce the establishment of a RM1 billion Fund for Affordable Homes (the Fund) to help home buyers from the lower income group nationwide to finance the purchase of their first homes.

The Fund will be available for two years from 2 January 2019 or until the RM1 billion fund is fully utilised.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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