{"id":73995,"date":"2023-10-31T14:45:43","date_gmt":"2023-10-31T06:45:43","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=73995"},"modified":"2026-01-09T16:04:05","modified_gmt":"2026-01-09T08:04:05","slug":"first-home-schemes-malaysia","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/first-home-schemes-malaysia\/","title":{"rendered":"Purchasing Your First Home in Malaysia Made Easier With These 5 Housing Schemes"},"content":{"rendered":"\n

Owning a first home<\/strong> for young couples, middle-income earners, and first-time homebuyers can be a complex process.<\/p>\n

However, the Malaysian government has developed several initiatives and financial schemes to make the process of homeownership easier and more accessible.<\/p>\n

If you’re looking for a first home scheme, you’ve come to the right place. Here are five options to consider when deciding to buy your first home<\/a>.<\/span><\/p>\n\n\n\n
5 First-Home Schemes in Malaysia<\/strong>\n
    \n
  1. BSN Youth Housing Scheme<\/strong><\/span><\/a><\/li>\n
  2. PR1MA<\/strong><\/span><\/a><\/li>\n
  3. RUMAWIP<\/strong><\/span><\/a><\/li>\n
  4. Rumah Selangorku<\/strong><\/span><\/a><\/li>\n
  5. Bank Negara My First Home Scheme<\/strong><\/span><\/a><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/a>1. BSN Youth Housing Scheme<\/h2>\n

    \"\"<\/h2>\n

    The BSN Youth Housing scheme provides up to 100% financing<\/strong> for property purchases, with a repayment period extending up to 35 years.<\/p>\n

    Eligible applicants are Malaysian citizens aged between 21 to 45 years<\/strong>, with a combined monthly income not exceeding RM10,000.<\/strong><\/p>\n

    Click here to learn more: BSN MyHome official website<\/a><\/span><\/p>\n

     <\/p>\n

    <\/a>2. PR1MA<\/h2>\n

    \"\"<\/h2>\n

    The PR1MA initiative is designed to support middle-income earners in Malaysia. It offers a range of affordable housing options priced between RM100,000 to RM400,000<\/strong>. <\/p>\n

    Applicants must be Malaysian citizens aged 21 and above to qualify. Applicants must be earning a monthly household income ranging from RM2,500 to RM15,000<\/strong>.<\/p>\n

    Click here to learn more: PR1MA official website<\/a><\/span><\/p>\n

     <\/p>\n

    <\/a>3. RUMAWIP<\/h2>\n

    \"\"<\/h2>\n

    Spearheaded by the Federal Territories Ministry, RUMAWIP aims to provide affordable housing solutions to the middle-income group residing in Kuala Lumpur<\/strong>. <\/p>\n

    The scheme features various housing types within the price bracket of RM150,000 to RM300,000. <\/strong>It is open to Malaysian citizens aged 21 and above, born, living or working in Kuala Lumpur.<\/p>\n

    Click here to learn more: Residensi WIP official website<\/a><\/span><\/p>\n

     <\/p>\n

    <\/a>4. Rumah Selangorku<\/h2>\n

    \"\"<\/h2>\n

    This initiative by the Selangor State Government is dedicated to offering affordable homes to the residents of Selangor. These home prices range from RM42,000 to RM250,000<\/strong>. <\/p>\n

    Eligibility extends to Malaysian citizens aged 18 and above <\/strong>earning a monthly household income between RM3,000 and RM10,000<\/strong>.<\/p>\n

    Click here to learn more: Rumah Selangorku official website<\/a><\/span><\/p>\n

     <\/p>\n

    <\/a>5. Bank Negara My First Home Scheme<\/h2>\n

    \"\"<\/h2>\n

    This scheme provides up to 110% financing<\/strong> for property purchases, specifically designed to assist first-time homebuyers. It has a maximum tenure of 35 years.<\/p>\n

    Malaysian citizens aged 25 and above, earning a monthly household income less than RM2,300<\/strong> are eligible to apply.<\/p>\n

    Click here to learn more: Bank Negara Malaysia official statement<\/a><\/span><\/p>\n