Government to finance RM20k with owners paying the rest in installments. Kick-start with building 5,000 units (priced at RM40k to RM50k each). Introducing MyBeautiful New Home for the B40 (bottom 40% of households with monthly income of RM3.9k and below) with an RM200 million allocation. This scheme is a collaboration among the government, Bank Negara Malaysia, Employees Provident Fund as well as four local banks: Maybank, CIMB, RHB, and AmBank.Financing will soon be easier and more accessible with total loans of up to 90% to 100%.ĥ. A new special “step-up” end financing schem e for the Perumahan Rakyat 1Malaysia (PR1MA) program effective January 1 next year. ![]() Stamp duty will be exempted for property transfers and housing loan instruments to help reduce the cost of first-time home ownership.However, this exemption is limited to homes valued up to RM300,000 for first homebuyers only, and for purchases between Jan 1, 2017, to Dec 31, 2018.Ĥ. Build around 10,000 houses in urban areas for rental to eligible youths with permanent jobs, including young graduates entering labor market for a maximum period of 5 years.Ģ.The rate of stamp duty on property transfers worth more than RM1 million, will be increased from 3% to 4%but effective only from Jan 1, 2018.ģ.
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