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.