A ride on FMH, anyone?

KUCHING, 9 Okt -- Pengarah Suruhanjaya Komunikasi dan Multimedia Media (SKMM) Wilayah Sarawak Roslan Mohamad menyempurnakan pelepasan Konvoi Bermotor Pos Malaysia sempena Hari Pos Sedunia 2018 hari ini.--fotoBERNAMA (2018) HAK CIPTA TERPELIHARA

UNDER the FundMyHome (FMH) scheme, the 20% that a buyer pays towards the house price is put into a trust in order to generate the investors’ 5% annual yield. Two banks and others fund the balance 80%. Developers get this 80% pronto.

If the property, independently valued, rises on the fifth year, the developer gets his balance 20%. From the developer’s point of view, FMH helps to reduce unsold units.