{"id":10638,"date":"2019-09-27T17:47:56","date_gmt":"2019-09-27T09:47:56","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=10638"},"modified":"2026-01-09T16:18:16","modified_gmt":"2026-01-09T08:18:16","slug":"5-public-schemes-offering-affordable-housing-in-malaysia","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/5-public-schemes-offering-affordable-housing-in-malaysia\/","title":{"rendered":"5 public schemes offering affordable housing in Malaysia"},"content":{"rendered":"\n

Under any circumstances, the need for housing as a basic necessity persists. <\/span>In the past 20 years, residential properties in Malaysia has experienced significant price appreciation with prices in several states like Kuala Lumpur, Johor, and Penang<\/strong> expanding at higher rates than other locations. Despite the current slowdown in the property market and many developers offering up to 30% discounts on real estate purchase, prices are still high for many people, and some buyers are still not able to secure the right margin of financing.<\/span><\/span><\/p>\n

If you are a first-time house buyer, a middle-income earner and are interested to buy, you may want to look at public housing schemes. Property prices at public housing projects are relatively more affordable, about half or one-third that of units built by private developers.<\/span><\/span><\/p>\n

There are many government initiatives out there that could help you get the right type of property that meets your requirement.<\/span><\/strong><\/p>\n

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1. PR1MA<\/strong><\/span><\/h3>\nThe prices of PR1MA<\/span><\/strong><\/a> properties range from RM100,000 to RM400,000 and they are ideal for young adults who have just graduated or started working.<\/span><\/p>\n
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To be eligible for PR1MA, one has to be a Malaysian citizen of more than 21 years old, with an average monthly household income of between RM2,500 and RM15,000.<\/span><\/li>\n
He or she should own no more than one property.<\/span><\/li>\n
The properties are allocated through an open balloting process.<\/span><\/li>\n<\/ul>\n
The only setback when you buy a PR1MA house is a 10-year moratorium imposed on the property. During this period, you can’t sell or transfer your property to another party without prior approval from PR1MA.<\/span><\/p>\n
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2. FEDERAL TERRITORIES AFFORDABLE HOUSING PROJECT (RUMAWIP)<\/strong><\/span><\/h3>\nRUMAWIP<\/span><\/a><\/strong> offers stratified studio, as well as one, two and three-bedroom houses. <\/span>These units come in different sizes and prices below the market price, targeted at low to middle-income workers.<\/span><\/p>\n
The cheapest apartment that you can find under RUMAWIP is RM63,000, while the most expensive one are three-bedroom units which cost RM300,000.<\/span><\/p>\n
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To be eligible for Rumawip, the buyer must be a Malaysian citizen, at least 18 years of age, and living in Kuala Lumpur. <\/span><\/li>\n
The buyer’s gross monthly household income must not exceed RM10,000 (for single applicants) and RM15,000 (married applicants).<\/span><\/li>\n
The only downside is Rumawip homeowners are not allowed to rent out their property. It has to be for their own use.<\/li>\n<\/ul>\n
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3. MYHOME (PRIVATE AFFORDABLE OWNERSHIP HOUSING SCHEME)<\/strong><\/span><\/h3>\nMyHome<\/a><\/span><\/strong> is run by the Urban Wellbeing, Housing, and Local Government Ministry, as well as the National Housing Department. <\/span>The properties under MyHome are priced between RM80,000 and RM300,000.<\/span><\/p>\n
Under the MyHome scheme, successful applicants don’t have to fork out the 10% down payment to own the property as the government will take care of that.<\/span><\/p>\n
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To be eligible for MyHome, applicants must be Malaysian citizens of at least 18 years of age with an average monthly household income of between RM3,000 and RM6,000.<\/span><\/li>\n
Only one application is allowed per family, which means more families will have a chance to buy a house under this scheme.<\/span><\/li>\n
The constraint for this scheme is that the resale of this property is forbidden within 10 years.<\/span><\/li>\n<\/ul>\n
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4. RUMAH SELANGORKU<\/strong><\/span><\/h3>\nIf you are renting in Selangor<\/a><\/strong><\/span> or plan to reside there, Rumah Selangorku<\/a><\/span><\/strong> should interest you.<\/span><\/p>\n
Rumah Selangorku is a low-cost housing scheme catered to low- and medium-income families living in Selangor. The objective is to provide affordable homes for the middle-income group in the vicinity of the state.<\/span><\/p>\n
There are seven types of houses under this scheme, each with different built-ups and priced between RM42,000 and RM250,000 each.<\/span><\/p>\n
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Applicants are selected based on a merit system and will not be able to appeal if their application is rejected. <\/span><\/li>\n
Applicants that canceled a successful application will get blacklisted for two years.<\/span><\/li>\n
Eligibility conditions include having an average monthly household income of between RM3,000 and RM10,000 and not owning any property in Selangor.<\/span><\/li>\n<\/ul>\n
Resale for Rumah Selangorku houses is forbidden within five years and owners are not allowed to rent out their properties.<\/span><\/p>\n
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5. MY FIRST HOME SCHEME<\/strong><\/span><\/h3>\nMy First Home Scheme is targeting young adults<\/a><\/strong><\/span> who have just started work and are interested to buy their first house.<\/span><\/p>\n
The good part about this scheme is that successful applicants are entitled to access loan financing of up to 110% of the property price, and they can make installments via monthly salary deduction.<\/span><\/p>\n
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To be eligible for this scheme, buyers should be below 40 years old, have an average monthly household income of between RM3,000 and RM6,000, and don’t own more than one property.<\/span><\/li>\n
Only one application is allowed per family.<\/span><\/li>\n<\/ul>\n
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Here at IQI, we provide services in purchasing the perfect home, aligned with the budget that suits your needs.<\/strong><\/span><\/p>\n
Help us by asking your burning questions, and we’ll provide a free consultation!<\/strong><\/span><\/p>\n
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