Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
Article • April 2021
The applicant, either an individual or family (husband & wife), must be:
Yes, as long as the individual applicant or the family (husband or wife) does not own more than one property.
Yes, as long as you meet all requirements, including the income limit.
You don't have to worry, because applying for PR1MA housing is absolutely free of charge. There will be no charge when you sign up, as well as no attorney fees required.
All you have to do is register on the official PR1MA website, or go to any of PR1MA offices and sales galleries.
Also, beware of agents or third parties that offer form-filling services as we have not appointed such entities. We are the only agency responsible for allocating such homes.
Married couples only need to register once, but the submitted information must include the particulars of the husband and wife.
During application, you can register as an individual, but you must update your profile and include the information of your spouse for ballot application.
Kindly go to http://www.pr1ma.my/how-to-apply.php?required_documents=1.
You also need to send copies of your Identity Card (IC), and copies of your latest bank statement or salary slip.
It depends on the land proprietor for each PR1MA project.
PR1MA projects are located in major cities, towns and areas nationwide. For detailed info, kindly visit this link http://www.pr1ma.my/pr1ma_homes.php.
Please check http://www.pr1ma.my/pr1ma_homes.php.
Their selling price ranges from RM100k to RM400k.
Typically, a PR1MA apartment measures 600 sq ft to 1,200 sq ft, while a terrace PR1MA home is between 850 sq ft and 1,850 sq ft.
Most PR1MA projects are conveniently located in conducive and attractive locations, such as major cities across Malaysia.
As such, there are many amenities close to PR1MA housing including schools, grocery stores, access to public transportation, and more.
If you fail to obtain a loan from the bank, don't worry, as you can apply for a special scheme called Flexible Financing Scheme (SPEF), which is offered only to PR1MA home buyers.
More interestingly, the scheme offers lower monthly instalments compared to regular loan rates. You can also use the savings from your EPF Account 2.
Units under PR1MA and SRP (Skim Rumah Pertamaku) are mainly differentiated by homeownership, household income and house price.
You are only eligible for SRP if you are a first time homeowner who does not currently own any property. Hence the name “My First Home.”
However, you'll still be eligible for a PR1MA unit even if you already own one property.
In terms of household income, you are only eligible for SRP if your individual gross income is not more than RM5,000 or joint income of not more than RM10,000. Monthly household income to apply for PR1MA is between RM2,500 - RM15,000.
SRP is available for houses priced between RM100,000 - RM500,000, while PR1MA is available for houses priced between RM100,000 - RM400,000.
Yes, this scheme is applicable for employees in the public and private sectors, including self-employed individuals.
No, only your spouse is qualified to apply and s/he needs to fulfil all the other criteria
Both of you are eligible, but the amount you can borrow depends on certain parameters. Under the scheme, total existing debt servicing of single or joint borrowers must not exceed 60% of their overall monthly net income.
Let’s assume both of you have outstanding car loans and personal debt with overall monthly repayment of RM1,200.
As shown in the sample calculations below, you and your spouse can only loan up to RM294,000, which requires monthly instalments of RM1,410.
These figures are based on prevailing interest rates and a maximum loan repayment period of 35 years, subject to borrowers’ age not surpassing 65 at the loan’s maturity.
Combined gross income: RM2,000 + RM3,000 = RM5,000
Total net income: RM4,350 (income after statutory deductions like tax, EPF & SOCSO)
Maximum monthly loan instalments allowed: 60% or RM2,610 out of RM4,350
Loan instalment cap minus existing monthly loan instalments: RM2,610 – RM1,200 = RM1,410
It is advisable to apply as joint borrowers to be eligible for a higher loan amount, but your individual monthly income should not exceed RM5,000.
Assuming both of you have zero outstanding debt while applying for the scheme, loan tenure is 35 years.
You both have to be able to meet all of the bank’s requirements, and the monthly instalment of the mortgage should not go beyond 60% of your combined net monthly income.
No, joint borrowers need to be immediate family members such as husband and wife or brothers and sisters.
It covers both types of property, with the guarantee taking effect upon full disbursement of the loan.
Property valuation depends on the participating bank’s underwriting policy. Typically, lenders will provide a loan quantum based on its selling price or open market value as assessed by their own valuer, whichever is lower.
No, the scheme does not apply to the refinancing of an existing mortgage.
These depend on the participating banks’ underwriting policies. So it’s advisable to compare between the housing loan packages offered by different lenders.
You can apply at any branch of a participating bank.
You can apply for financing under the SRP scheme at any one of the 22 participating banks (both conventional and Islamic).
Yes, it covers both conventional mortgages and Islamic financing.
There are no extra fees involved when applying for SRP. The respective banks’ usual interest rates will apply as well.
Loan tenure is up to 35 years, as long as the borrower’s age does not surpass 65 at the maturity of the mortgage, subject to the underwriting policies of the participating banks.
This means, if you are older, you need to apply for a loan with lower tenure.
Any home loan you apply from banks will be based on the property’s valuation figure. This applies for SRP as well.
When you apply for 100% financing from any one of the 22 participating banks, it will be up to the respective bank to value the property based on their panel of valuers.
Between the bank’s valuation price and the property’s purchase price, the loan amount you receive will be the lower of the two.
This means that if the bank values the property at a lower price than the actual purchase price, the loan amount you receive may not be 100%.
You can find out more on what affects your property’s valuation here.
Individual or joint borrowers are required to buy fire insurance/takaful. But for MRTA/MRTT, it depends on the participating bank.
Residensi Wilayah was once known as 'Rumah Mampu Milik Wilayah Persekutuan' (short form: RUMAWIP). It's an affordable housing scheme targeted to moderate and low income earners who live and work in Wilayah Persekutuan.
Residensi Wilayah is unique as it only focuses on Wilayah Persekutuan Kuala Lumpur, Putrajaya and Labuan.
Residensi Wilayah is targeted to first time home buyers who belong to the moderate and low income group.
The government plans to build around 80,000 units of RUMAWIP in a span of five years in Wilayah Persekutuan.
There are three categories of affordable housing offered under RUMAWIP – they are studio or one bedroom, two bedrooms and three bedrooms, which come in the form of stratified houses.
Household income refers to the gross income, which includes salary and other allowances, earned by the household, by the husband and wife only.
Interested persons can register via online registration at the website of the Kementerian Wilayah Persekutuan, Dewan Bandaraya Kuala Lumpur, Labuan and Perbadanan Putrajaya Corporation any time.
Applicants can select the housing projects of their choice once the offer to subscribe for a house is opened.
Yes, as long as the person does not own a house in Wilayah Persekutuan, and these buyers will be subject to certain terms and conditions.
Yes, retirees can purchase RUMAWIP units, subject to certain terms and conditions.
Since RUMAWIP units were meant for owner-occupation, RUMAWIP owners are restricted from selling their units within 10 years following their purchase of the units from the government.
No, RUMAWIP units cannot be rented; they can only be purchased.
Yes, a RUMAWIP owner who can now afford a larger home can apply for a bigger unit provided that the old unit is sold at a price approved by the agencies regulating the programme.
There are three types of houses under RUMAWIP, they are:
Yes, as long as the applicant’s monthly household income does not exceed RM10,000.
To register for RUMAWIP, an applicant must be a Malaysian citizen at least 18 years of age during the time of application and must be living or working in Wilayah Persekutuan.
Yes. To be eligible for RUMAWIP, the monthly household income of an applicant must not exceed RM10,000 for singles or a combined monthly household income of RM15,000 for those who are married.
Yes, an applicant may send a copy of his/her supporting documents through RUMAWIP’s email address at firstname.lastname@example.org. However, the applicant will still need to submit the original copies of the supporting documents by hand or post to the address provided at the RUMAWIP Secretariat confirmation.
Yes, an applicant who is renting a house should attach copies of the house’s electricity and water bills.
No, every application for RUMAWIP project must come with the original copy of letter of oath that was signed by Judge/Magistrate/ Commissioner of Oaths. A mere photocopy or scanned copy of the oath will not be accepted.
Applicants are allowed to apply for not more than 3 projects at once.
This will depend on the developer. However, the current practice is that a penalty charge of 1% of the unit will be imposed on the buyer if they withdraw from their purchase after signing the SPA document.
PPA1M is an affordable home scheme created by the government. It is otherwise also widely known as PPAM.
To be eligible for a PPA1M Putrajaya unit, an applicant must be a Malaysian citizen, is not a bankrupt, and is a government employee or of statutory bodies.
Yes, an individual can apply for a PPA1M unit as a second home. However, priority is given to applicants who does not have a home yet.
The housing unit of an applicant is determined via ballot draws. As such, an applicant cannot change the unit offered to him or choose the location of his home.
The sizes and prices for PPA1M units are as follows:
|850 sq ft unit||RM90,000 to RM120,000|
|1,000 sq ft unit||RM220,000|
|1,200 sq ft unit||RM260,000|
|1,500 sq ft unit||RM300,000|
PPA1M housing units are freehold.
No, successful applicants with PPA1M will be required to leave the government quarters to provide other civil servants the opportunity to stay in such quarters.
No, a civil servant’s application can only be placed under the category of disabled applicants if his/her spouse/children are handicapped. Other family members who are dependents of the civil servant are not taken into account.
During application, the civil servant is required to attach a confirmation letter or OKU card of his/her spouse/children.
No, the scheme does not allow for any exchange of units.
No, a person’s application for a PPA1M home will be cancelled once it is found out that during the signing of the sale and purchase agreement the applicant is no longer a public servant or has been laid off.
Yes, the application can be transferred to the spouse as long as the latter is also a civil servant.
An applicant will be notified for the signing of the Sales and Purchase Agreement once the project has achieved 40% completion.
An applicant can determine his monthly payment by checking the mortgage rate via the website of the Loan Division at www.lppsa.gov.my or for commercial banks at http://www.imoney.my/home-loan/. Applicants can estimate their loan amount with the PropertyGuru Home Loan Pre-Approval.
The estimated monthly payment is subject to the applicant’s insurance rate and home loan eligibility.
The actual price of the unit offered to an applicant can be seen in the Sales & Purchase Agreement (SPA) that will be provided later on.
Applicants who will be pensionable are advised to resume their housing loans via commercial banks. As such, they can appoint their child, who is 21 years of age, as second nominee(s). However, if the applicant chooses a government housing loan, they cannot appoint a second nominee (child), except if the loan was made with the spouse.
Yes, appointing a second nominee is allowed for joint loan purposes. The spouse must be a Malaysian citizen.
No. The validity period of PPA1M application for Phase 1, 2 & 3 is until 31st December 2019.
The government expects to complete all PPA1M development projects within two to three years for plots which have been approved for development.
Yes. All rejected or empty units will be reopened to new applicants or pending applicants.
The offer of PPA1M units is considered final after the applicant has signed the Sales and Purchase (SPA) Agreement and the approval of housing loan. However, the offer may be withdrawn or cancelled once it is found that the applicant is no longer a government employee, has provided false information, or has failed to pay the mortgage loan, among others.
PPAM project are built in major cities, and the sites are chosen based on the area that has the highest demand from civil servants.
The types of houses offered by PPAM programs include apartments, terrace houses, semi-detached, townhouses and bungalows.
Yes. But the applicant will get only one offer for one project if their application is successful.
No. An applicant will only be blacklisted for the PP1AM project that they rejected.
Yes. But the PPAM home owner’s name must be in the SPA document.
This is a housing scheme announced in 2013 that aims to help low-income families working in the private sector to purchase affordable dwellings. It is run by the Ministry of Urban Wellbeing, Housing and Local Government along with the Department of National Housing.
When it was introduced in April 2014, it initially involved a RM300 million allocation from the Federal Government and only covered 10,000 low-cost homes across the country.
Overall, there are two types of homes offered under this scheme:
Both types of houses come with 3 bedrooms and 2 bathrooms. Aside from that, the housing projects where these units are located comes with basic amenities like playground, surau, a community hall and parking spaces.
Through this scheme, the Federal Government is providing a RM30,000 subsidy per home. The market prices of these units range from RM80,000 to RM300,000, but due to the subsidy, they are only being sold to qualified MyHome Scheme applicants for only RM50,000 to RM270,000.
Aside from that, qualified applicants no longer need to pay a 10% downpayment after inking the sales and purchase (SPA) agreement as the RM30,000 subsidy is considered as the deposit.
Yes, MyHome 1 is only open to households with a monthly income of between RM3,000 to RM4,000, while MyHome 1 is only open to families earning RM4,001 to RM6,000 per month. For particulars, please refer to the table below:
The location, types of houses and list of housing projects are constructed by the states, ie. Malacca, Federal Territory of Kuala Lumpur, Pahang, Kelantan, Selangor, Johor Bahru, Sabah, Perak and Kedah. See full list here: https://teduh.kpkt.gov.my/project
Please visit the official website at http://ehome.kpkt.gov.my. Private real estate developers may also visit the portal if they are interested in partnering with the government for this scheme.
Important: The online application must include all required applicable supporting documents. Otherwise, the application will not be accepted.
All applications will be reviewed by the scheme’s purchaser selection committee chaired by the NRD’s Deputy Director-General (Development). Members include representatives from the Housing Ministry, Finance Ministry, respective state government and related housing agencies.
It depends. Those who have successfully acquired a residential property via this scheme are not allowed to sell for 10 years starting from when the SPA agreement is signed. But you can transfer ownership to immediate family members anytime.
This is a low-cost housing scheme launched by the state government in 2015 that is intended only for Selangor residents, particularly low- and medium-income families.
The scheme is being managed by the Selangor Housing and Property Board (LPHS). The units are either constructed by the state authorities or a government-linked company (GLC), with funding from the state government of Selangor.
To be allowed to purchase a Rumah Selangorku home, one must be a Malaysian citizen age 18 years and above. He or she must also be a resident of the state of Selangor.
Yes, but only during the initial application period. In addition, there is an income limit for certain categories of houses.
Type A homes are only open to families (husband and wife) earning up to RM3,000 per month. Type B, C and D are only open to families earning between RM3,001 to RM8,000 per month.
Effective January 2015, all applications must be done online at http://lphs.selangor.gov.my. Any application via forms or any other kind will be rejected.
These houses are situated across the state of Selangor. For particulars, please check the official website.
Important: Kindly double check the chosen location before submitting the online application.
To check your application status, please visit the website.
Qualified applications will be contacted via a letter of notification by the home builder, which will require the applicant to submit supporting documents needed by LPHS. All completed applications will be submitted by the developer to LPHS for review and approval before the offer letter is officially issued by LPHS to the applicant.
Important: If the application is given a “pending” status, it may mean that the applicant does not meet the requirements or lacks documents. A successful application is also subject to the availability of units in the selected location.
The validity period for each application is two years. Thereafter, pending application data will be removed from the system. But if you are still keen to apply for a Rumah Selangorku home after an unsuccessful attempt, you need to re-submit a new application.
Those who turned down the offer letter from LPHS will be deemed “inactive” for two years. This means you will only be allowed to re-apply again for a Rumah Selangorku home after that period.
The selection process is based on a merit system. Unsuccessful applicants will not be able to appeal any rejection, as all decisions made are final.
Learn more about Freehold, Leasehold and Bumi Properties, Strata & Individual Titles, Different Types of Houses in Malaysia, Real Property Gain Tax (RPGT) and the Strata Management Act 2013. otherwise check out PropertyGuru's Guides for more useful information.
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