RM1bil fund to help spur sale of affordable homes

Housing aid: The RM1bil fund is for Malaysian citizens with a maximum monthly household income of RM2,300 buying properties of up to RM150,000, Bank Negara said.

PETALING JAYA: Bank Negara is setting up a RM1bil Fund for Affordable Homes 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 Jan 2, 2019 or until the fund is fully utilised, according to a Bank Negara statement.