Affordable home fund eligibility eased

Programme launched: CGC chief business officer Leong Weng Choong showing the MyKNP programme to Nor Shamsiah at the launch yesterday.

KUALA LUMUR: Bank Negara is intensifying efforts to assist first-time homebuyers by doubling its previous caps on household income and property prices to allow more to access its RM1bil fund.

Beginning Sept 1, eligibility for the Fund for Affordable Homes will be expanded to a maximum household income of RM4,360 from RM2,300 and the maximum property price has been doubled to RM300,000 per unit.