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.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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